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The second fund, with $525 million, is Accel's third fund based in London.
They have found 658 fraudulent applications to the second fund, from 1993 to 2009, with losses of about $24.5 million.
But because Texas Pacific has not sold many of its holdings in the second fund, profits on these investments could rebound.
The Open Space Matching Grant Program, the second fund, gives municipalities 50percentt of the money they need for open-space purchases.
While the market was heating up and low-priced deals were harder to find, the second fund still generated a 15percentt return.
By the time the second fund was established, more cautious investors, such as pension funds and banks, were prepared to put money into it.The money has gone mostly into projects in developing countries to produce CERs.
Similar(20)
The Clinton solicitation, one day before the close of the second fund-raising quarter, could help change that.
Even as he spoke at the second fund-raiser, about 100 opponents of the pipeline protested outside, waving signs and chanting, "What do we want from our president?
Connaughton complained to a close friend who had worked for Biden since the mid-seventies, and who'd taken Connaughton to lunch after the second fund-raiser.
At the second fund-raiser, Mr. Hababou said, he and Mr. Rousso were introduced to Lawrence A. Penna, a New Jersey investor who had been one of Mr. Torricelli's most generous political supporters.
But the President did not have enough time to hear them out or even share a meal because after only an hour he was scheduled to leave for the second fund-raiser, at the downtown home of Anna Wintour, the editor of Vogue.
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