Firm Plans Venture Fund.Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. buyout firm Freeman Spogli & Co. plans to raise $1.5 billion in a fund that it will partially invest in "earlier-stage" companies, a move that echoes efforts by other buyout specialists to transform themselves into venture capitalists. If the target is reached, the investment fund would be one of the largest raised in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . At least 10 venture funds of more than $1 billion have been announced nationwide since the start of 1999. Leveraged-buyout shops are attempting to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the nearly 100 percent annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. returns averaged by venture capitalists in recent years. While Freeman Spogli hasn't raised any money yet for the new venture, it expects to close the fund in the fourth quarter. |
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