Rand Capital Corporation.
RAND.US | Trusts, funds and similar financial entities
Rand Capital Corporation is an internally managed, closed-end, non-diversified investment company that seeks capital appreciation by investing in small to medium-sized, privately-held companies with identifiable growth opportunities. The company focuses on investments in the United States, primarily...Show More
Better Health for All
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Rand Capital Corporation is an investment company, and the provided articles primarily detail its financial performance and specific investments. While some investments are in medical device companies like GENICON and Microcision, and a mobile IV nursing service, the articles do not provide a comprehensive overview of the health impact of Rand Capital's entire portfolio or its direct operations. There is no data on the percentage of revenue from harmful products, safety records, pricing accessibility, reach to vulnerable populations, risk transparency, health innovation investment as a share of R&D, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, or mental health initiatives for Rand Capital itself or its portfolio companies in a way that can be scored against the rubric's quantitative thresholds. Therefore, no KPIs can be scored based on the provided evidence.
Fair Money & Economic Opportunity
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Rand Capital Corporation is a Business Development Company (BDC) that invests in privately held lower middle market companies, not individual consumers.
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Therefore, many KPIs related to consumer financial services are not applicable. The company's SBIC subsidiaries are required to invest at least 20% (in total dollars) in “smaller enterprises,” which aligns with inclusion lending for SME/micro-segments.
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Rand makes its annual and quarterly reports available on its website, but data export is limited to manual requests for these documents, with no automated or developer-friendly APIs.
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The company's geographic focus for investments is primarily the USA – East (52% of NAV as of December 31, 2024), with approximately 7% of its service points in underserved areas (USA – South 31%, USA – West 25% as of December 31, 2024,
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and USA – East 76%, USA – South 26%, USA – West 5% as of December 31, 2022,
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with the most recent data from 2024 showing 52% East, 31% South, 25% West).
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The company is regulated as a BDC by the SEC
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and its SBIC subsidiaries by the SBA,
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but there is no evidence of specific regulatory findings or fines for discriminatory or unfair lending, nor proactive fair-lending practices beyond general compliance.
Fair Pay & Worker Respect
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No evidence available to assess Rand Capital Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Rand Capital Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Honest & Fair Business. The articles mention the existence of governance documents and an Audit Committee, but do not provide quantitative details on regulatory fines, transparency index scores, whistleblower policy strength, financial restatements, audit coverage percentage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy strength, or third-party verification of ethical claims.
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Kind to Animals
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Rand Capital Corporation is an investment company. Evidence shows that Rand Capital invested $3.5 million in Caitec Inc., a manufacturer and distributor of pet products including toys for dogs and products for pet birds.
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However, the provided articles do not contain any specific, concrete data points regarding animal welfare practices, certifications, testing, or conservation efforts for either Rand Capital's direct operations or its portfolio company, Caitec Inc.
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Therefore, no KPIs can be scored based on the evidence provided.
No War, No Weapons
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The provided articles do not contain any specific, concrete evidence or quantitative data points related to Rand Capital Corporation's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics relevant to the 'No War, No Weapons' ethical value.
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Therefore, no KPIs can be scored based on the available information.
Planet-Friendly Business
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The provided articles contain no specific, concrete data points regarding Rand Capital Corporation's environmental performance.
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The information focuses solely on financial performance and investment activities.
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There is no publicly available data on carbon emissions, renewable energy use, water consumption, waste diversion, green building certifications, climate-related targets, or any other planet-friendly business practices.
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Respect for Cultures & Communities
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No evidence available to assess Rand Capital Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
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Rand Capital Corporation has not experienced a material information security breach incident in the last three fiscal years ended December 31, 2024.
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The company is regulated by the SEC as a Business Development Company (BDC) and is subject to the requirements of the 1940 Act.
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It has also elected U.S. federal tax treatment as a regulated investment company (RIC) as of January 1, 2020.
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The company received an exemptive order from the SEC in October 2020, which was superseded by a new order in March 2021 and amended in September 2022, to permit co-investment with affiliates.
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Zero Waste & Sustainable Products
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No specific, concrete data points were found in the provided articles regarding Rand Capital Corporation's own waste management practices, product sustainability, or circular economy initiatives. The available information primarily focuses on financial performance and investment activities. While one article mentions a waste recycling rate for 'portfolio companies,' this data does not apply to Rand Capital Corporation itself, which is an investment company and not a direct producer of goods or services with such operational metrics.
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