Mill City Ventures III, Ltd. focuses on investing in or lending to privately-held and publicly-traded companies and making managerial assistance available to such companies.

The company intends to invest capital in portfolio companies for purposes of financing acquisitions, recapitalizations, buyouts, organic growth and working capital. Buyouts generally include transactions that involve the acquisition of a controlling interest in an entity, either by management or other investors. It plans to identify potential investments through multiple sources, including private equity sponsors, investment bankers, brokers, and owners and operators of businesses. The company would base its investment decisions on analyses of potential customers’ business operations and asset valuations, as well as financing structure, utilizing risk management methods, pricing tools, due diligence methodologies and data management processes designed to help it assess risk, establish appropriate pricing, and maximizes its return on investment. The company plans to invest in private companies, small-cap public stocks, notes and other forms of debt, investment contracts, and other investments commonly referred to as securities. As of December 31, 2013, the company held investments in five eligible portfolio investments.

History

The company was founded in 2006. The company, a Minnesota corporation, was incorporated in 2006. It was formerly known as Poker Magic, Inc. and changed its name to Mill City Ventures III, Ltd. in 2013.