JOHN SEELMEYER

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November 14, 2011
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State equity investments program might draw private capital

As State Treasurer Kate Marshall and her staff move as quickly as they can to flesh out an initiative that will invest state funds in private companies in the state, private investment figures say the plan may attract significant chunks of private capital into Nevada as well.A proposal approved by the Legislature this year allows Marshall's office to invest up to $50 million from the state's Permanent School Fund into private-equity investments everything from venture capital for startups in Nevada to buyouts of existing businesses.Economic development officials have said the plan provides a significant stream of capital in a state …

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Northern Nevada Business Weekly Updated Nov 14, 2011 12:00AM Published Nov 14, 2011 12:00AM Copyright 2011 Northern Nevada Business Weekly. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.