Small but mighty Microequities Asset Management (MAM) is looking at an early close for a new $50 million fund for private companies and those readying to go public early. The "Private to Beyond the IPO Fund" is the latest endeavour for the specialist fund manager, which exclusively invests in micro cap companies. The new fund will also hold positions in listed companies, but its focus will be on the private market.
Gil and the other MAM principals will co-invest $3 million in the fund. MAM has started making investments from the new fund, despite the raise still being under way. Its first deal was a $5 million investment in AI software company for supply and demand optimisation Complexica earlier this month.
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