Fund Notes 03/28/05

German-based Auda Securities GmbH has filed to raised $1 billion for Auda Select II LP, a New York-based fund-of-funds. At the time of its SEC filing, the firm had already raised $94 million from 18 accredited investors. Auda Select I raised more than $100 million in 2000.

GS Capital Partners of New York raised more than $390 million for its latest private equity fund.

David Halbert, founder and CEO of AdvancePCS (Nasdaq: ADVP), has launched a private equity partnership named Caris Ltd. The Irving, Texas-based group currently has $350 million under management, and will make investments of between $10 million and $100 million in private and public service industry-oriented companies (such as health care, energy and financial services). Halbert will serve as a managing director, alongside former AdvancePCS executives Laurie Johansen and Leslie Simmons Brille.

MFC Capital Funding Inc. has launched as a new leveraged lending firm focused on the lower, middle markets. The Chicago-based shop is being created in partnership with Minneapolis-based Marquette Financial Cos., and being headed up by Joseph Gaffigan and Christopher Randall, both of whom previously served as senior executives of Fifth Third Bank. Edward Ryczek, a former director of One Mezzanine Capital Corp., also has joined MFC Capital Funding as a managing director.

Hammond Kennedy Whitney & Co. of Indianapolis has raised more than $41 million for its buyout fund HKW Capital Partners II Supplemental LP. The fund is targeted at $43 million.

Roark Capital Partners of Atlanta has raised more than $413 million for its first instutional investment vehicle. The buyout fund was targetd at $300 million. Investors included Princeton University, Harvard University and Hamilton Lane.

The information in Fund Notes is compiled by PE Week staff from press releases, news articles and other sources. Some of the briefs are derived from filings with the Securities and Exchange Commission, and are only as current as the filings themselves. The listings are not an advertisement for the sale of securities