Complex sentence: In 2004, Third Security combined with Carilion Health System and the Virginia Tech Foundation to create NewVa Capital Partners, a private equity/venture capital fund designed to support private businessmen operating in Southwest Virginia or willing to relocate to the region.
Split into simpler sentences: In 2004, Third Security combined with Carilion Health System and the Virginia Tech Foundation to create NewVa Capital Partners. It was a private equity or venture capital fund designed to support private businessmen who are either already operating in Southwest Virginia or willing to relocate to the region.