SAN FRANCISCO -- Former BankAmerica Corp. vice chairman Nicholas B. Binkley and two of his associates at the San Francisco company have gone into the venture capital business.

Mr. Binkley's partners are Gregory J. Forrest, 45, who was chairman and president of BankAmerica's venture capital subsidiary before resigning last month, and Jeffrey J. Brown, 32, a senior vice president in the unit. The three, who will operate out of Newport Beach, Calif., worked for Security Pacific Corp. before BankAmerica acquired it in 1992.

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