Fund Notes 8-6-01

By
Brad Meikle
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Stanfield Recovery Strategies I LP of New York is raising $500 million through a private placement of partnership interests. At the time of its SEC filing, the partnership had already raised approximately $5 million from four accredited investors. The limited partnership was formed to provide its investors with above average returns primarily through capital appreciation, and to a lesser extent, current income, while managing portfolio risk, through investments in debt and equity securities and other obligations of distressed companies.

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.

Ivory Capital II LP of New York is raising $100 million through a private placement of partnership interests. The minimum investment is $1 million. The LP intends to use the proceeds from the offering for working capital.

Convergent Investors VI I LP of Austin, Tex., is raising approximately $80 million through a private placement of limited partnership interests. There is minimum investment $2 million required. At the time of its SEC filing, the fund had already raised just over $63.3 million from 28 accredited investors. The investment partnership intends to use proceeds from the offering for investments.

Savage Thompson Ventures LP of Atherton, Calif., is raising $50 million through a private placement of partnership interests. 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.

Crossbow Partners LP of Newport Beach, Calif., is raising $25 million through a private placement partnership interests. At the time of its SEC filing, the company had already raised just about $1.64 million from 14 accredited investors. The private investment fund intends to use proceeds for its investment portfolio.