Fund Notes 10-22-01

Pan Capital LLC of Boston is raising $500 million through a private placement of limited liability company interests. There is minimum investment of $500,000 required on the placement. At the time of its SEC filing, the fund had already raised $81.04 million from 54 accredited investors. The fund engaged in buying, selling, trading, investing in intends to use proceeds from the offering for working capital.

BA 2001 Partners Cayman Fund Ltd. of Chicago is raising $500 million through a private placement of limited liability company interests. There is minimum investment of $500,000 required. Bank of America N.A. of Chicago is acting as the agent on the placement for undisclosed placement fees. At the time of its SEC filing, the fund had already raised $3.5 million from three accredited investors. The fund intends to use proceeds from the offering for investments.

Walden Israel Venture III LP of Israel is raising $175 million through a private placement of limited liability membership interests.