Fund Notes 2-18-02

Carl Marks Strategic Investments III LP of New York is raising $500 million through a private placement of partnership interests. No minimum investment is required. At the time of its SEC filing, the fund had already raised $7.5 million from 11 accredited investors. The limited partnership intends to use the proceeds from the offering for working capital.

Tishman Speyer/Travelers U.S. Real Estate Venture V LP of New York is raising $300 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 fund had already raised $203.55 million from 16 accredited investors. Formed to operate as a private investment limited partnership, the fund intends to use the proceeds from the offering for investments in securities and investment capital.

WHI Ventures Fund I LLC of Chicago, Ill., is raising $200 million through a private placement of membership interests. A minimum investment of $250,000 is required. At the time of its SEC filing, the company had already raised $1.4 million from 43 accredited investors. The limited liability company formed to trade securities intends to use the proceeds from the offering for security investments.

Pacific Strategic Investors LP of Chicago is raising $100 million through a private placement of limited partnership interests. No minimum investment is required. At the time of its SEC filing, the company had already raised $38.7 million from 16 accredited investors. The LP organized to invest in hedge funds and hedge fund securities intends to use the proceeds from the offering for working capital and investments.

CB-AH Parallel Fund II LP of Boston is raising $12 million through a private placement of limited partnership interests. No minimum investment is required. At the time of its SEC filing, the company had already raised $10 million from one accredited investor. The private equity limited partnership intends to use the proceeds from the offering for working capital.