Private Equity Week Wire for Monday 11/22

CHICAGO — Houlihan Lokey Howard & Zukin, an international
investment bank headquartered in Los Angeles, today announced that David E.
West, has joined the firm as a Director in its Chicago office.

With 20 years of financing experience, Mr. West will be responsible for
originating private placements of debt, equity-linked and equity securities
for the firm’s Private Debt and Equity Placement Group.

Prior to joining Houlihan Lokey, Mr. West was a Managing Director in the
Chicago office of ABN Amro Incorporated, he originated, structured and
executed private placements of equity and equity-linked securities, and
originated high-yield and convertible securities.

WESTPORT, CT — CentrPort, an emerging eCRM technology
company announced today that it closed a $27 million first round of financing lead by
leading eCRM investors Thomas Weisel Capital Partners (TWP), Venture Strategy Partners
(VSP), Trident Capital and Modem Media. Also participating in the round were Draper
Richards, Argus Capital, Staenberg Capital and Wheatley Partners. Mark Lieberman
(TWP), Tony Conrad (VSP), Venetia Kontogouris (Trident) and GM O’Connell (Modem
Media) will join CEO Bill Zierolf on the Board of Directors.

PALO ALTO, CA — RWI Group, an early-stage venture capital firm, today
announced the closing of RWI Group IV, L.P. (the “Fund”) with over $103 million in commitments. The
Fund marks the continued growth of RWI Group since its inception in 1995.

RWI Group IV, L.P. will invest in start-ups primarily in the communications, software, and semiconductor
sectors. The average initial investment will range from $2 to $3 million, with sufficient capital reserved for
participation in future rounds of financing. The Fund will look to invest primarily in first or second-round
venture financings. The Fund has already invested in four companies and anticipates investing in
approximately 20 companies. With the closing of RWI Group IV, L.P., RWI Group increases its assets
under management to more than $165 million.

NEW YORK, NY — First Atlantic Capital, Ltd. today announced the final closing of
its third private equity investment fund, Atlantic Equity Partners III, L.P., (“AEP III” or the “Fund”) with total committed capital
of approximately $353 million. AEP III had a stated goal of $350 million and has attracted top U.S. institutional investors,
including large corporate and public pension funds, fund of funds and financial institutions. The addition of AEP III brings the
total funds currently under management by First Atlantic to approximately $490 million.


WAYNE, PA — TL Ventures, an early-stage venture capital firm, today announced the
close of TL Ventures’ sixth fund, TL V, for over $675 million, bringing the firm’s total capital under management to over $1.4
billion. Consistent with prior funds, the new fund will target category-defining, early-stage companies in information
technology, communications and life sciences. Founded in 1988, TL Ventures is an established venture fund headquartered in Wayne, PA with offices in Austin and Dallas,
Texas. Coinciding with the fund closing, TL opened a new office in Los Angeles staffed with experienced investment
professionals concentrating on investments in the Southern California area. This recent office opening continues TL’s strategy of
placing offices in emerging markets to provide portfolio companies not only with capital, but with the nearby support of
investment professionals with extensive entrepreneurial, operational and financial experience.

BERWYN, PA — Asset management firm Turner Investment Partners today announced that
John H. Grady will join the firm as General Counsel-Chief Legal Officer, effective February 1, 2001. Mr. Grady is a partner in the Investment Management Practice Group at Morgan, Lewis & Bockius LLP, a Philadelphia-based
firm specializing in investment products. Mr. Grady has broad experience with investment companies, investment managers and
broker-dealers, emphasizing registered mutual funds, private investment partnerships, and venture capital pools.

PORTSMOUTH, NH — Ecora Corp., developer of a line of software products that automatically document IT systems, has closed its third round of financing by raising $7.2 million from private investors. To date, Ecora has raised more than $11.6 million from private investors including Eckhard Pfeiffer, formerly CEO of Compaq Computer and Bob Palmer, formerly CEO of Digital Equipment Corporation.

NEW YORK, NY — Zoologic Inc., a leading provider of
online learning for financial professionals, announced today the completion
of a second round of funding totaling $8 million. The investor syndicate
included premier organizations such as Conning Capital Partners, Nomura
Holding America Inc. and Irwin Ventures.

RICHARDSON, TX — Chiaro Networks announced today that Alcatel USA (NYSE: ALA) has filed yet
another lawsuit in its ongoing series of legal action targeting its
competitors, a practice that has earned the company a reputation as “the most
litigious employer in the booming Telecom Corridor,” according to a June 2000
article in the Wall Street Journal.

In November 1999, Alcatel filed suit against start-up Chiaro Networks in
federal court in Texarkana. After losing its request for preliminary
injunctive relief in that court, Alcatel filed a second action in state court.
According to Chiaro officials, the latest action largely repeats the same
allegations and personally targets an individual – Steve Wallach, vice
president of technology for Chiaro – as well as venture capital firms
CenterPoint Venture Partners and Paluck Associates for their role in helping
Chiaro establish its U.S. headquarters.

CAMBRIDGE, MA NextNine Inc., a pioneering developer of technology to support embedded systems,
announces today that it has raised $20 million in its second round of financing. The
investment round was led by Morgan Stanley Dean Witter Private Equity, and included
Redwood Venture Partners, the Yozma Group and Ofer Technologies, each firm investing
in the company’s mission to define and lead an entirely new category of remote customer
support – eSupport – for embedded systems. eSupport refers to the ability to provide remote
technical support and diagnostics over the Internet or other networks. The company, previously RTview, also announces today that it has changed its name
to NextNine.

MENLO PARK, CA — Benchmark Capital, the leading early-stage
high-technology venture capital firm, today announced that Mike Farmwald, a serial
entrepreneur with one of the most successful track records in Silicon Valley, will join the
firm as a Venture Partner. As a recognized expert in semiconductor, systems and
networking technologies and markets, Mr. Farmwald will work with Benchmark to pursue
investments in start-ups and help accelerate their growth by facilitating strategic
partnerships, serving on company boards and offering technical guidance. Mr. Farmwald
joins Reed Hundt, former FCC chairman and telecommunications industry authority, as a
Benchmark Venture Partner.

NASHUA, NH — Open Software Associates (OSA), a world
leader in global software management solutions, today announced a strategic
alliance with Siemens Business Services, one of the world’s leading providers
of solutions for electronic and mobile business. The alliance, backed
with a major equity investment in OSA, follows a rigorous competitive
evaluation of OSA’s flagship product, NETDEPLOY