Austrian Bank's Investment Strategy Demonstrates Confidence in Ventana Funds.IRVINE, Calif.--(BUSINESS WIRE)--July 12, 1999-- Global Equity Partners, Private Equity Affiliate of Meinl Bank AG, Austria, Diversifies Significant Investments Throughout Ventana Partnerships In a Fund-of-Fund investment, Latin American Beteiligungs-Invest AG Fund of Austria (LAI LAI Leaf Area Index LAI Lean Advancement Initiative (MIT) LAI Lean Aerospace Initiative LAI Long-Acting Injection LAI Lambda Alpha International (honorary land economics society) ), one of two emerging market private equity funds open for investment offered by Global Equity Partners Beteiligungs-Management AG (GEP GEP gastroenteropancreatic. ), has placed a total of $5 million with fund manager Ventana Global. This investment will be diversified over Ventana's North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Environmental Fund (NAEF), the Technology Gateway Partnership (TGP TGP Thumbnail Gallery Post TGP Three Gorges Probe (China) TGP Tau Gamma Phi (fraternity) TGP Total Gas Pressure (dissolved gas content in water) ) and other Ventana Latin American fund offerings to be advised. "This action demonstrates the confidence our investors have in Ventana's fund performance and our ability to provide significant co-investment opportunities," noted Ventana Chairman Thomas O. Gephart, who founded the management company in 1974. NAEF is focused on the creation of environmental business opportunities in North America, with emphasis on Mexico. Target industries encompass a broad spectrum of environmental opportunities in potential growth areas including air pollution control, water treatment, remediation, recycling, hazardous and solid waste management and power generation. The Technology Gateway Partnership, L.P. serves non-U.S. entities as a gateway to U.S. Semiconductor, multimedia, electronic components, Internet, electronic commerce, telecommunications, medical products and biotechnological companies. Representatives of GEP have expressed their belief that these Ventana Funds delineate the opportunity for growth and development in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . "The dynamic growth in this burgeoning sector of the western hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. embodied by these funds is very attractive to us," they affirm. GEP is a leading private equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay provider for Austrian investment strategies focused on Asia and Latin America. GEP is a leading private equity and debt financing provider for Austrian investment strategies focused on Asia and Latin America. GEP is affiliated with the Vienna-based Meinl Bank AG, a leading private banking institution focused on asset management and private banking. Summarizes Ventana's Gephart, "The commitment Global Equity Partners has demonstrated by this move further substantiates that the Ventana model is serving investors effectively." |
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