Fund Notes 8-19-02

Silverback Partners LP of Raleigh, N.C., has filed to raise $1 billion through a private placement of limited partnership interests. There is a minimum investment of $5 million required on the placement that can be waived. At the time of its SEC filing, the fund had already raised $5.5 million from three accredited investors.

Highland Opportunity Fund LP of New York has filed to raise $100 million 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 $67.82 million from 20 accredited investors.

FP GP Splitter LLC of Menlo Park, Calif., raised $100 million from 13 accredited investors through a private placement of limited partnership interests. A minimum investment was not required on the placement. The venture capital investment fund intends to use the proceeds from the offering for working capital.