Fund Notes 6/11/01

North Castle Partners III LP of New York is raising approximately $600 million through a private placement of limited partnership interests. A minimum investment of $10 million is required. Merrill Lynch & Co. of New York is acting as the agent on the placement for an undisclosed finders’ fee. At the time of its SEC filing, the fund had already raised $101.5 million from 13 accredited investors. In a separate filing, the company is raising $40 million and had already raised $28.83 million. The partnership, formed to make investments in leveraged buyouts, recapitalizations and strategic investments, intends to use the proceeds from both offerings for investments.

Morgan Crossroads Fund LP of Charlotte, N.C., is raising $300 million through a private placement of limited partnership interests. A minimum investment of $500,000 is required. Wachovia Securities Inc., of Charlotte is acting as an agent on the placement for an undisclosed finders’ fee. At the time of its SEC filing, the fund had already raised just over $22.87 million from 44 accredited investors.

Private Advisors Small Company Buyout Fund LP of Grand Cayman is raising $300 million through a private placement of partnership interests. A minimum investment of $1 million for individual investors and $5 million for institutional investors is required. At the time of its SEC filing, the fund had already raised $49.5 million from 12 accredited investors.

Ampersand V LP of Wellesley, Mass., is raising $250 million through a private placement of partnership interests. A minimum investment of $5 million is required. The Veritage Group LLC of Natick, Mass., is acting as an agent on the placement for an undisclosed commission. At the time of its SEC filing, the fund had already raised approximately $108.59 million from 12 accredited investors. The private equity fund, which attempts to realize long-term investments in the private equity markets through investments in privately-negotiated equity securities, intends to use the proceeds from the offering for venture capital investments.

Scopia Partners, LLC of New York is raising $250 million through a private placement of limited liability company interests. A minimum investment of $250,000 is required on the placement. At the time of its SEC filing, the partnership had already raised just over $3.61 million from 13 accredited investors.

Private Advisors Alternative Asset Fund LP of Richmond, Va., is raising $150 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 fund had already raised approximately $90.73 million from 46 accredited investors.

Athenian Venture Partners II LP of Athens, Ohio, is raising $100 million through a private placement of limited partnership interests. There is a minimum investment of $25,000 required. Tucker Anthony Sutro Inc. of New York is acting as an agent on the placement for an undisclosed commission. At the time of its SEC filing, the fund had already raised approximately $12.97 million from 17 accredited investors.

Chariot Enterprises LP of Corte Madera, Calif., is raising $100 million through a private placement of partnership interests. A minimum investment of $50,000 is required on the placement. At the time of its SEC filing, the fund had already raised approximately $2.25 million from 16 accredited and non-accredited investors.

Knott Partners LP of Syosset, N.Y., is raising $100 million through a private placement of membership interests. There is a minimum investment of $500,000 required on the placement. At the time of its SEC filing, the fund had already raised approximately $81.47 million from 64 accredited investors.

Monetary Fund LP of San Francisco is raising approximately $100 million through a private placement of limited partnership interests. A minimum investment of $100,000 is required on the placement. At the time of its SEC filing, the fund had already raised just over $9.39 million from 37 accredited investors.

Pacific Strategic Investor LP of Houston is raising $100 million through a private placement limited partnership interests. There is no minimum investment required on the placement. At the time of its SEC filing, the hedge fund had already raised just over $22.1 million from eight accredited investors.

SoundShore Opportunity Fund Ltd. of Bermuda is raising $100 million through a private placement of limited partnership interests. There is a minimum investment of $100,000 required on the placement.