Pre-IPO Fund Debuts In Listing From Keating

13-Dec-2011

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

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From 247wallst site, By JON C. OGG,

Keating Capital, Inc. (NASDAQ: KIPO) is debuting in trading today.  The closed-end fund is a pre-IPO fund and it had approximately $77 million in assets as of September 30, 2011.  If you recall, we interview Tim Keating back in the summer around the excitement of the Facebook craze.

Of the thirteen companies, two of the companies have already completed their IPOs and two more companies have already filed to go public.  Of the 13 companies, 4 were in technology, 4 more were in internet and software, and 5 were in clean technology. Of the fund’s investment portfolio, the two public companies are NeoPhotonics Corporation (NYSE: NPTN) and Solazyme, Inc. (NASDAQ: SZYM).

The private companies in the portfolio list are BrightSource (thermal solar plants); Corsair (memory); Harvest (organic waste facilities); Kabam (MMORPG for social networking); livescribe (mobile, paper-based computing platform ); MBA Polymers (manufacturer of recycled plastics); Metabolon (molecular diagnostics); Suniva (solar PV modules); Tremor Video (Online video technology and advertising); TRUECar (online research and pricing for car buying); and xtime (service provider of Web scheduling and CRM solutions for automotive service departments).

The firm’s total assets consisted of about $32 million invested in 13 portfolio companies and some $45 million in cash left to evaluate and invest in future portfolio companies. The Net Asset Value per share was listed as $8.27 and the fund has 9,283,604 shares of common stock issued and outstanding.

While this is a business development company, a similar stock is GSV Capital Corporation (NASDAQ: GSVC) as it has invested in Facebook, Twitter, Zynga and others.

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