雒勇卧经降置昌大号 高级商务英语阅读 术语讲解 venture capital 风险资本 private equity 私募资金 financial instruments 金融工具；金融票据 start-up 新兴公司 spin-off 派生公司，衍生公司 portfolio company 证券投资公司 industry consolidation 产业整合 balance sheet 资产负债表 re-capitalization 资本重组 stock market 股票市场 return on investment 投资回报 cash flow 现金流动 labor-intensive 劳动力密集型 equity finance 股权融资 课文注释 1.venture capital firms(p.192) Venture capital and private equity firms are pools of capital,typically organized as a limited partnership,that invests in companies that represent the opportunity for a high rate of return within five to seven years.The venture capitalist may look at several hundred investment opportunities before investing in only a few selected companies with favorable investment opportunities. There are several types of venture capital firms,but most mainstream firms invest their capital through funds organized as limited partnerships in which the venture capital firm serves as the general partner.The most common type of venture firm is an independent venture firm that has no affiliations with any other financial institution.These are called "private independent firms".Venture firms may also be affiliates or subsidiaries of a commercial bank,investment bank or insurance 第5页共12页高级商务英语阅读 术语讲解 venture capital 风险资本 private equity 私募资金 financial instruments 金融工具; 金融票据 start-up 新兴公司 spin-off 派生公司, 衍生公司 portfolio company 证券投资公司 industry consolidation 产业整合 balance sheet 资产负债表 re-capitalization 资本重组 stock market 股票市场 return on investment 投资回报 cash flow 现金流动 labor-intensive 劳动力密集型 equity finance 股权融资 课文注释 1. venture capital firms (p.192) Venture capital and private equity firms are pools of capital, typically organized as a limited partnership, that invests in companies that represent the opportunity for a high rate of return within five to seven years. The venture capitalist may look at several hundred investment opportunities before investing in only a few selected companies with favorable investment opportunities. There are several types of venture capital firms, but most mainstream firms invest their capital through funds organized as limited partnerships in which the venture capital firm serves as the general partner. The most common type of venture firm is an independent venture firm that has no affiliations with any other financial institution. These are called "private independent firms". Venture firms may also be affiliates or subsidiaries of a commercial bank, investment bank or insurance 第 5 页 共 12 页