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Article: Enterprise Fund Makes More Investment Capital Available to Hungarian Entrepreneurs
- Article from:
- PR Newswire
- Article date:
- October 7, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BUDAPEST, Hungary and GREENWICH, Conn., Oct. 7 /PRNewswire/ -- The Hungarian-American Enterprise Fund (HAEF), at the close of its seventh year of operations, announced a number of successful investments, including the establishment of a new private fund -- Hungarian Equity Partners (HEP) -- which will substantially increase the amount of capital now available for Hungarian private businesses. HEP's capital, combined with HAEF's own liquid assets and marketable securities, exceed $50 million in readily available funds to finance growing ventures.
"With up to $30 million committed to Hungarian Equity Partners and the monies HAEF can recycle from its successful ...