GMT Communications to launch $313M VC fund

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London--GMT Communications Partners L.P. will introduce a $313 million venture capital fund to invest in b-to-b and business-to-consumer telecommunications and media companies throughout the U.K., Germany, Spain, Italy and France. GMT, which was recently formed by a group of executives from London-based Barings Brothers & Co., faces stiff competition from U.S. private equity firms such as Kohlberg Kravis Roberts & Co. and Carlyle Internet Partners Europe L.P., that are already in the marketplaces GMT is targeting.
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