Hicks, Muse, Tate & Furst Inc., a leveraged buyout shop headquartered in Dallas, said it plans to open a private equity firm to invest in companies that provide products or services to minorities.

The new firm will make acquisitions and investments of $25 million to $100 million in medium-size companies and in real estate, particularly in depressed urban areas, according to Hicks Muse executives.

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