fundnotes_2_16_04

Biotechnology Development Fund IV LP of Palo Alto, Calif., raised $62.9 million from 31 accredited investors through a private offering of limited partnership interests. The fund plans to make venture capital investments. The filing cites Taiwan Sugar Corp. and Yao-Hwa Glass Co. Ltd Management Commission of Taiwan among beneficial owners.

Northgate Venture Partners II (Q) LP of Danville, Calif., has filed to raise $50 million through a private offering of limited partnership interests. At the time of its SEC filing, the fund had already raised $5.2 million from 10 accredited investors. The fund plans to make venture capital investments.

Three Arch Associates IV LP of Portola Valley, Calif., has filed to raise $10 million through a private offering of partnership interests. At the time of its SEC filing, the fund had already raised $8.3 million from 51 accredited investors. The fund plans to make venture capital investments.

WSL Private Equity Investors LLC of Boulder, Colo., raised $3 million from 17 accredited investors through a private placement of LLC membership interests. A minimum investment of $100,000 was required on the placement.