EXHIBIT 21.1

Subsidiaries of Rand Capital Corporation

 

Subsidiary

  

Jurisdiction Of Corporation

Rand BMP Swanson Hold Co., LLC

  

New York

Rand Capital Sub LLC

  

New York

Rand Carolina Skiff Holdings Corp.

  

New York

Rand DSD Holdings Corp.

  

New York

Rand Filterworks Holdings Corp.

  

New York

Rand ITA Holdings Corp.

  

New York

Rand Somerset Holdings Corp.

  

New York