Fund Notes 7-29-02

San Gabriel Opportunity Fund NV of Netherlands Antilles is raising $1.5 billion through a private placement of limited partnership interests. There is a minimum investment of $1 million required on the placement. At the time of its SEC filing, the fund had already raised $124.5 million from seven accredited investors. The investment management fund intends to use proceeds from the offering for working capital for investment.

Braveheart Capital Partners LP of Lafayette, Calif., is raising $500 million 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 $875,000 from seven accredited and non-accredited investors. The investment fund intends to use proceeds from the offering to invest, and trade in securities.