Fund Notes 1-7-02

GHC Communications Fund LP of Fairfield, Conn., is raising $1 billion through a private placement of limited partnership interests. A minimum investment of $500,000 million is required. At the time of its SEC filing, the company had already raised about $1.5 million from seven accredited investors. The LP formed to seek capital appreciation by investing in securities in the communications sector intends to use the proceeds from the offering for investment programs and securities.

Shorenstein Realty Investor Six LP of San Francisco is raising $550 million through a private placement of limited partnership interests. A minimum investment of $1 million is required. At the time of its SEC filing, the company had already raised about $494.9 million from 27 accredited investors. The LP, which will acquire, own and operate offices and mixed properties, intends to use the proceeds from the offering for investment capital.

Benchmark Access Fund XVII LLC of Somerset, N.J., is raising $100 million through a private placement of limited liability company interests. A minimum investment of $100,000 is required. At the time of its SEC filing, the fund had already raised approximately $15.5 million from two accredited investors. The investment management fund intends to use the proceeds from the offering for undisclosed purposes.

Short Investment Portfolio LP of Jupiter, Fla., is raising $100 million through a private placement of limited partnership interests. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised about $11.3 million from eight accredited investors. The LP, which is engaged in the investment of securities, intends to use the proceeds from the offering for partnership investments.

Patton 45 Fund I LP of Indianapolis is raising $100 million through a private placement of limited partnership interests. A minimum investment of $250,000 is required. The LP, formed for the purpose of trading the securities of U.S. companies, intends to use the proceeds from the offering for investment in securities.

Aggressive Growth Investment Portfolio LP of Jupiter, Fla., is raising $50 million through a private placement of partnership interests. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised about $16.8 million from 20 accredited investors. The partnership, which was organized to invest in securities, intends to use the proceeds from the offering for partnership investments.

Santa Barbara Market Neutral Fund Ltd. of Nassau, Bahamas, is raising $50 million through a private placement of equity. A minimum investment of $100,000 is required. At the time of its SEC filing, the fund had already raised approximately $5 million from 27 accredited investors. The investment fund intends to use the proceeds from the offering for working capital.

Ironbridge Mezzanine Fund LP of Avon, Conn., is raising $20 million through a private placement of common stock. No minimum investment is required. Ironwood Capital Ltd. of Connecticut is acting as the agent on the placement for a fee of $200,000. At the time of its SEC filing, the company had already raised more than $2.8 million from nine accredited investors. The LP formed to operate as a small business investment company under the SBIC Act intends to use the proceeds from the offering for working capital toward SBIC capitalization, including investments.

Hedge Fund Investment Company LP of White Plains, N.Y., has raised $100 million from 10 accredited investors through a private placement of limited partnership interests. The fund intends to use the proceeds from the offering for securities investments.