Fund Notes 7-30-01

Sterneck Value and Opportunity LP (Sterneck Aggressive Growth LP) of Chicago is raising $1 billion 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 company had already raised approx. $6.61 million from 24 accredited and seven non-accredited investors. The private hedge fund intends to use the proceeds from the offering for investment purposes.

Mesirow Partnership Fund II LP of Chicago is raising $350 million through a private placement partnership interests. A minimum investment of $2 million is required on the placement. At the time of its SEC filing, the partnership had already raised approx. $171.25 million from eight accredited investors. The private equity investment partnership intends to use proceeds from the offering for private equity investing.

Narragansett Strategic Partners LP of New York is raising $250 million through a private placement of limited partnership interests. A minimum investment of $1 million is required on the placement. The private investment partnership intends to use the proceeds from the offering for working capital.

Savage Thompson Ventures LP of Atherton, Calif., is raising $50 million through a private placement of partnership interests. A minimum investment of $100,000 is required. At the time of its SEC filing, the LP had already raised just over $11.33 million from 22 accredited investors. The venture capital limited partnership intends to use the proceeds from the offering for investments and working capital.

NCP-LTC LP of Greenwich, Conn., is raised just over $57.47 million from 10 accredited investors through a private placement of partnership interests. A minimum investment was not required on the placement The limited partnership formed to hold securities of Grand Expeditions Inc. intends to use the proceeds from the offering for the acquisition of other businesses.

Tudor Emerging Markets Fund LP of Greenwich, Conn., raised approx. $15.38 million through a private placement of limited partnership interests.There was a minimum investment of $1 million required. Cargill Investor Services Inc. of New York acted as the agent on the placement for a finder’s fee of $20,000. The fund, formed to enable investors to participate in a professionally managed, diversified investment portfolio, intends to use proceeds from the offering for investments in equity and debt securities as well as various other derivative and hybrid instruments.

Antero Realty Fund LLC of Greenwood Village, Colo., raised $6.95 million from 22 accredited investors through a private placement of limited liability company interests. A minimum investment $30,000 was required on the placement. The real estate investment fund intends to use the proceeds from the offering for real estate investment capital.