Paraphrasing (6th paragraph)

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Most of the American VCs target the European market with a dedicated fund. For instance, Benchmark Capital, Silicon Valley venture capital firm, when it opened its doors in London last year launched a $750 million fund specifically dedicated to investment in European technology start-ups. Similarly, TD Capital Communications Partners, which was founded in 1995 as a spin-off of TD Capital, the global private equity arm of Toronto Dominion Bank, opened its London office in June 2000 with about 200 million euro earmarked for investment in Europe. Partners responsible for the European operations normally have full responsibility for approving investment in Europe. In the case of Benchmark, the four partners based in London are totally independent from the Menlo Park office and they’re the only ones to evaluate and decide on investments in Europe.

The main idea of the paragraph

Most of the American VCs target the European market with a dedicated fund, and partners responsible for the European operations normally have full responsibility for approving investment in Europe.

大多数的美国风险投资公司在进入欧洲市场时都启用了专项基金,负责欧洲项目的合伙人通常全权负责批准在欧洲的投资项目。