MCG Credit Corp.'s new infusion of capital from Vestar and Soros brings total to $700 million.Vestar Capital Partners and investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company advised by Soros Private Equity Partners recently funded MCG mcg microgram. mcg abbr. microgram mcg microgram. mcg Microgram, see there; the preferred written abbreviation is µg Credit Corporation with an infusion of growth capital that brings the specialty finance firm's total capital raised since its June 1998 formation to over $700 million. Further, MCG will create MCG Ventures, a $100 million fund that focuses on investing in media, communications and technology businesses. The company is also changing its name to MCG Capital Corporation to better reflect its current and ongoing business activities. Vestar managing director Norm Alpert said, "Our investment in MCG Capital continues our strategy of partnering with strong management teams in select markets." MCG describes those markets as three converging con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. industries to which it will provide capital: media, communications, and technology. MCG's Andrew Jacobson, a newsletter veteran, said that the company is "talking with a number of newsletter publishers." He told NL/NL, "Some of the potential deals involve acquisitions while in other cases we would provide funding to help newsletter publishers get on the web." Among MCG's clients are Newsletter Holdings (Allie Ash), Upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside Media, Corporate Legal Times, and Cambridge Information. Since its inception, MCG has funded over 200 deals with over $2 billion in invested capital. Just recently, MCG Credit Corp. was involved in financing the purchase of the Governance Institute, a La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif., firm which produces newsletters, books, videos and national conferences for the boards of hospitals and health systems (NL/NL 4/15/00). In the past MCG has been involved with United Communications Group (ucg) and Phillips Publishing. MCG Credit Corp., MCG Ventures and its financial subsidiaries will be wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of MCG Capital. |
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