Ian Cassel says his micro-cap fund is about $40m, eyes $100m

What was said

""we have we still have 20 million market cap companies in our fund, even though our fund is a $40 million fund.""

Ian Cassel says his micro-cap fund is about $40m and he can see it growing naturally to around $100m, but says he does not look beyond that level. He describes a hybrid approach using small, illiquid direct investments in tiny companies before adding in the open market as liquidity improves.