Three partners and analysts of Brinson Partners' $900 million post-venture capital fund that invests in microcap stocks left the firm. Glen A. Kleczka, Capucine E. ``Cappy'' Price and David S. Mitchell will join William Blair & Co. F. Conrad Fischer, Blair chief investment partner, said the three will develop a microcap fund for Blair. ``It probably will be a mutual fund,'' he added.
At Brinson, they reported to Alvin Marley, partner who oversees venture capital, including the post-venture fund. He couldn't be reached for comment. Gary P. Brinson, managing partner, said the firm will look internally and probably outside for candidates to fill the positions. He could not say how soon the firm will make a decision. The fund has been closed to investors since 1992.