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News Release North Texas Opportunity Fund


									News Release
For Immediate Release
                                                                                     Contact: Valorie Burton, (214) 522-5544

           New Private Equity Fund to Invest in North Texas Companies in
          Underserved Areas and in Minority-owned and Woman-owned firms
 Bank One, Belo, Chase, Dallas Police & Fire Pension System, Texas Instruments, TXU and J. McDonald Williams among founding investors

(June 27, 2000 – Dallas, TX) – With over $20 million in initial investments from major North Texas entities, the

North Texas Opportunity Fund will be officially introduced at a luncheon event on July 6 from 11:30 a.m.

to 1:00 p.m. at the Wyndham Anatole in Dallas. The unique, private equity fund’s major focus is: (1)

Underserved areas in this region such as southern Dallas and (2) Middle-market minority- and women-owned

companies. Modeled after similar ventures in other major U.S. cities, the Fund will be return-driven. It is the

first fund of its kind in North Texas.

“North Texas is ready for a fund like this,” said Gregory Campbell, co-founder and one of three partners of

NTOF. “We see an opportunity to generate an attractive financial return for investors while providing the

capital and business expertise to help promising companies grow.”

“NTOF addresses the gap in private equity funding in our region for companies in underserved areas and for

minority- and women-owned companies,” said J. McDonald Williams, Chairman of Trammell Crow a

founding investor and supporter of the Fund.

NTOF’s two other partners are Luke Sweetser and Arthur Hollingsworth, of Dallas-based private equity

investment firm Lewis Hollingsworth LP. With experienced management and a focus on providing capital and

entrepreneurial expertise in underserved markets, the North Texas Opportunity Fund has a “dual bottom

line” – return on investment and community economic development.

“The fact that founding corporate investors such as Bank One, Belo, Chase, Dallas Police & Fire Pension

System, Texas Instruments, TXU and J. McDonald Williams, Chairman of Trammell Crow have made over $20

million in commitments to the Fund lets us know that the corporate community sees the value in a fund with a

dual-bottom line,” said Sweetser.

Utilizing the venture capital model for nurturing and growing promising companies, the Fund seeks to make

equity investments in North Texas companies that are:

    1. Located in or willing to expand operations to underserved areas in North Texas, with a special emphasis

        on the southern sector of Dallas, or

    2. Minority or women owned or managed companies located anywhere in North Texas.

“We expect to make six to ten portfolio company investments ranging from $2 million to $5 million each,” said

Hollingsworth. “Typically, we seek companies that have been in existence for at least two years with $5 million

to $30 million in current revenues in a proven niche.”

“This will be the first North Texas Opportunity Fund, but we anticipate that it will not be the only North Texas

Opportunity Fund,” added Campbell. “The excitement and development generated by these types of funds often

spurs the need for more.”


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