Fund Notes 6-17-02

Henry Partners LP of Philadelphia is raising an unlimited amount through a private placement of limited partnership interests. There is a minimum investment of $100,000 required. At the time of its SEC filing, the fund had already raised $5.78 million from 23 accredited and non-accredited investors. The pooled investment vehicle intends to use proceeds from the offering for an investment securities.

SM Investors Offshore Ltd. of Oaks, Pa., is raising $1 billion through a private placement of participating shares. A minimum investment of $5 million is required on the placement. At the time of its SEC filing, the fund had already raised $5.88 million from 12 accredited investors.

Berens Capital Partners LP of New York is raising $1 billion through a private placement of limited partnership interests. There is a minimum investment of $1 million required. At the time of its SEC filing, the fund had already raised just about $26.53 million from 37 accredited investors.