0001398344-18-018030.txt : 20190129 0001398344-18-018030.hdr.sgml : 20190129 20181214171022 ACCESSION NUMBER: 0001398344-18-018030 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20181214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RENN Fund, Inc. CENTRAL INDEX KEY: 0000919567 IRS NUMBER: 752533518 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPRWY STREET 2: STE 210 LB59 CITY: DALLAS STATE: TX ZIP: 75206 BUSINESS PHONE: 2148918294 MAIL ADDRESS: STREET 1: 8080 N CENTRAL EXPWY., SUITE 210 LB 59 CITY: DALLAS STATE: TX ZIP: 75206 FORMER COMPANY: FORMER CONFORMED NAME: RENN Global Entrepreneurs Fund, Inc. DATE OF NAME CHANGE: 20090519 FORMER COMPANY: FORMER CONFORMED NAME: RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC DATE OF NAME CHANGE: 19940228 CORRESP 1 filename1.htm

 

 

Monica L. Parry

+1.202.373.6179

monica.parry@morganlewis.com

 

December 14, 2018

 

VIA EDGAR

 

Ms. Lisa Larkin
U.S. Securities and Exchange Commission
Division of Investment Management
100 F Street NE
Washington, DC 20549

 

Re:Renn Fund, Inc. N-2 Filing (File No. 811-22299)

 

Dear Ms. Larkin:

 

This letter responds to Staff comments regarding Renn Fund, Inc.’s (the “Fund”) registration statement on Form N-2, which you conveyed to my colleague, Matthew Wolock, via telephone on December 14, 2018. The N-2 was filed with the U.S. Securities and Exchange Commission on December 13, 2018. Summaries of the Staff’s comments and our responses thereto on behalf of the Registrant are provided below. Capitalized terms not defined herein should be given the meaning provided in the registration statement.

 

Prospectus Comments

 

1.Comment: Please confirm the Fund will include the investment advisory agreement between the Investment Advisor and the Fund’s subsidiary in a POS EX filing.

 

Response: The Fund confirms that it will undertake to file the appropriate investment advisory agreement.

 

2.Comment: Please confirm that the Fund’s subsidiary’s expenses and management fee are included in the appropriate line items of the Stockholder Transaction Expenses table.

 

Response: The Fund confirms that the subsidiary’s expenses and management fee are included in the Stockholder Transaction Expenses table.

 

3.Comment: Please confirm that the Fund’s subsidiary and its board of directors agree to designate an agent for service of process in the United States.

   

 

Morgan, Lewis & Bockius llp

 

1111 Pennsylvania Avenue, NW

Washington, DC 20004

United States

+1.202.739.3000

+1.202.739.3001

 

 

 

Ms. Lisa Larkin

December 14, 2018

Page 2

 

Response: The Fund confirms that its subsidiary and its board of directors agree to designate an agent for service of process in the United States.

 

4.Comment: Please confirm that the Fund’s subsidiary and its board of directors agree to inspection by the Staff of its books and records, and such books and records will be maintained in accordance with Section 31 of the Investment Company Act of 1940 and the rules thereunder.

 

Response: The Fund confirms that its subsidiary and its board of directors agree to inspection of its books and records by the Staff and that it will maintain such books and records in accordance with Section 31 of the Investment Company Act of 1940 and the rules thereunder.

 

***************

 

Please do not hesitate to contact the undersigned at 202.373.6179 if you have any questions concerning the foregoing.

 

Very truly yours,

 

/s/ Monica L. Parry

Monica L. Parry

  

 

 GRAPHIC 2 image_001.jpg GRAPHIC begin 644 image_001.jpg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end GRAPHIC 3 ml_f.jpg GRAPHIC begin 644 ml_f.jpg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end GRAPHIC 4 ml_t.jpg GRAPHIC begin 644 ml_t.jpg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end