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1:00-2:15 Welcome everyone, with me today is Rob Hayes of First Round Capital. 2:15-4:00 Thank you to eMinutes for sponsoring the show. If you&#39 ...

Muzinich & Co. Inc. Has $9.70 Million Stake in Stellus Capital Investment Corporation (SCM)

Muzinich & Co. Inc. grew its holdings in shares of Stellus Capital Investment Corporation (NYSE:SCM) by 23.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 707,551 shares of the investment management company’s stock after buying an additional 135,828 shares during the quarter. Stellus Capital Investment Corporation accounts for 0.8% of Muzinich & Co. Inc.’s portfolio, making the stock its 24th largest position. Muzinich & Co. Inc.’s holdings in Stellus Capital Investment Corporation were worth $9,701,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCM. GSA Capital Partners LLP lifted its holdings in shares of Stellus Capital Investment Corporation by 1.0% during the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 100 shares in the last quarter. Sanders Morris Harris LLC boosted its position in shares of Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after buying an additional 239 shares during the period. Waldron LP acquired a new stake in shares of Stellus Capital Investment Corporation in the first quarter valued at about $218,000. Janney Montgomery Scott LLC raised its holdings in shares of Stellus Capital Investment Corporation by 5.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock valued at $230,000 after buying an additional 934 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in Stellus Capital Investment Corporation in the 1st quarter worth approximately $263,000. 26.45% of the stock is owned by institutional investors.

Venture fundraising in yuan soars as investors target Chinese tech firms

HONG KONG (Reuters) - China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years.

Fund managers have raised 95.8 billion yuan ($14.54 billion) this year through late September in funds denominated in the Chinese currency, which is also known as the renminbi, compared with 56.7 billion yuan in all of 2016. That puts 2017 on pace to be the biggest year since 2012, when 145.8 billion yuan was raised, according to data provider Preqin.

There are currently 78 funds looking to raise as much as another 1.15 trillion yuan over the next couple of years, Preqin said, most of it coming from mammoth-sized state-owned entities and so-called government guidance funds, which seek to foster domestic innovation in different industries from advanced engineering and robotics to biotechnology and clean energy.