Fund Notes 11-26-01

GSC European Mezzanine Co-Investment Fund LP of Florham Park, N.J., is raising $1 billion through a private placement of limited partnership interests. A minimum investment of $500,000 is required. At the time of its SEC filing, the company had already raised just about $1.4 million from five accredited investors. The vehicle, which is targeted at investors seeking long-term capital appreciation and income through privately negotiated investments in European mezzanine securities, intends to use the proceeds from the offering for investments.

Mesirow Absolute Return Fund Ltd. of the Cayman Islands is raising $250 million through a private placement of partnership interests. A minimum investment of $1 million is required. At the time of its SEC filing, the fund had already raised over $163.66 million from 13 accredited investors. The fund, which was formed to seek consistent and superior rates of return while maintaining a low level of volatility by investing with a group of independent investment managers, intends to use the proceeds from the offering for portfolio investments.

Ladera Capital LP of Portola Valley, Calif., is raising $100 million through a private placement of limited partnership interests. There is a minimum investment of $250,000 required on the placement. The LP engaged in seeking capital appreciation through investment intends to use proceeds from the offering for working capital.

Viking Employee Fund LP of New York is raising $100 million through a private placement of limited partnership interests. A minimum investment of $5 million is required. At the time of its SEC filing, the company had already raised almost $100,000 from one accredited investor and seven non-accredited investors. The investment partnership intends to use the proceeds from the offering for investment in VGE II Portfolio Ltd.

Abrams Capital Partners LP of Boston is raising approximately $100 million through a private placement of partnership interests. A minimum investment of $1 million is required. At the time of its SEC filing, the fund had already raised approximately $124.42 million from 10 accredited and $305,000 from four non-accredited investors. The limited partnership seeking to invest in securities and other financial investments for short-and long-term capital gains intends to use the proceeds from the offering for working capital.

Adams, Harkness & Hill Technology Ventures LP of Boston is raising $30 million through a private placement of membership interests. A minimum investment is not required. At the time of its SEC filing, the company had already raised $4.3 million from 34 accredited investors. The private equity LP intends to use the proceeds from the offering for venture capital investments.