Fund Notes 1-21-02

Paul Capital Partners VII LP of San Francisco has raised $642.17 million from 35 accredited investors through a private placement of limited partnership interests. A minimum investment of $4 million was required. Crane Capital Associates of Ontario acted as the agent on the placement for an undisclosed sales commission. The LP engaged in venture capital activities intends to use the proceeds from the offering for working capital.

Sequel Limited Partnership III of Boulder, Colo., has raised $174.25 million from 45 accredited investors through a private placement of limited partnership interests. A minimum investment of $100,000 was required. The venture capital limited partnership intends to use proceeds from the offering for working capital and security investments and related fees.

OVP Venture Partners VI LP of Kirkland, Wash., has raised $156.2 million from 14 accredited investors through a private placement of limited partnership interests. No minimum investment was required. The LP engaged in venture capital activities intends to use the proceeds from the offering for security investments and expenses.

Brown IA Netplex Venture Fund LP of Baltimore has raised $12.67 million from 16 accredited investors through a private placement of limited partnership interests. A minimum investment of $150,000 was required. The investment partnership formed to acquire limited partnership interests in other LPs intends to use the proceeds from the offering for the acquisition of a portfolio of limited partnership interests.

Red Rock Ventures-Entrepreneurs III LP of Palo Alto, Calif., has raised $12.67 million from 31 accredited investors through a private placement of limited partnership interests. No minimum investment was required. The investment partnership intends to use the proceeds from the offering for working capital, security investments and fees.

Symmetry Capital Partners LP of San Francisco has raised $1.1 million from three accredited investors through a private placement of limited partnership interests. A minimum investment of $250,000 was required. The investment management limited partnership intends to use the proceeds from the offering for the acquisition of limited partnership interests.

Artemis Ventures Fund II LP of Sausalito, Calif., has raised just over $1.06 million from eight accredited investors through a private placement of limited partnership interests. No minimum investment was required. The investment management limited partnership intends to use the proceeds from the offering for working capital and the acquisition of securities.