Gores completes its fundraising for its first private equity venture

The financial news has reported that Los Angeles-based Gores Technology group has completed its $400m fundraising for its first private equity venture. The company will be looking for opportunities in the technology and the telecom sectors. The firm conducts most of its business in the US but has plans to expand European operations. The firm has an office in Zurich and is planning to recruit staff in London soon. This new fund will be used to invest more in European companies.

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