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Lodestone Partners LLC – ‘SC 13D’ on 12/1/97 re: Point West Capital Corp

As of: Monday, 12/1/97 · Confirming Copy? Yes `©` · Accession #: 1050358-97-1 · File #: 5-47339

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

12/01/97  Lodestone Partners LLC            SC 13D©                1:30K  Point West Capital Corp

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      Beneficial Ownership                                  14     57K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships With Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of the Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
8	Item 1. Security and Issuer
"	Item 2. Identity and Background
9	Item 3. Source and Amount of Funds or Other Consideration
10	Item 4. Purpose of the Transaction
"	Item 5. Interest in Securities of the Issuer
13	Item 6. Contracts, Arrangements, Understandings or Relationships With
"	Item 7. Material to be Filed as Exhibits

SC 13D 1st Page of 14 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
----------------------------------
Washington, D.C. 20549

SCHEDULE 13D
------------
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) 
AND AMENDMENTS THERTO FILED PURSUANT TO 13d-2(a)

POINT WEST CAPITAL CORPORATION
 (formerly Dignity Partners, Inc.)
------------------------------
(Name of Issuer)

 Common Stock, $0.01 par value
------------------------------
(Title of Class of Securities)

 730715 10 9
--------------------- 
(CUSIP Number)

 Alan B. Perper, President
    Point West Capital Corporation
 1700 Montgomery Street, Suite 250
San Francisco, California 94111 
(415) 394-9469
----------------------------------------      
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

     November 20, 1997
      ------------------
(Date of Event Which Requires Filing of This Statement) 

     If the filing person has previously  filed a statement on Schedule 13G to
     report the acquisition  which is the subject of this Amended and Restated
     Schedule   13D,   and  is   filing   this   schedule   because   of  Rule
13d-1(b)(3)or(4), check the following Box [ ]                       

        Note:  Six copies of this statement, including all exhibits, should be
----                                                          
         filed with the Commission.  See Rule 13d-1(a) for other parties to whom
copies are to be sent.                                        
-------                                                                         
*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the 
Act but  shall be  subject  to all other  provisions  of the Act  (however, see 
the Notes).                                                                     

(Continued on following pages)  
(Page 1 of 14 Pages)

SC 13D 2nd Page of 14 TOC 1st Previous Next ↓Bottom Just 2nd
------------------------                                 -----------------------
CUSIP No. 730715 10 9               13D                     Page 2 of 14 Pages  
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

The Echelon Group of Companies,LLC                  
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

(WC)                                                
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6             CITIZENSHIP OR PLACE OF ORGANIZATION                              

Delaware                                            
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF           1,589,324                                                   
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            205,600                                                   
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

1,589,324                                 

           ---------------------------------------------------------------
10  SHARED DISPOSITIVE POWER                        

-0-                                       

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,794,924                                           
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

55.2%                                             
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*                                         

OO                                                
------------- ------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 3rd Page of 14 TOC 1st Previous Next ↓Bottom Just 3rd
------------------------                                 -----------------------
CUSIP No. 730715 10 9              13D                     Page 3 of 14 Pages   
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

Bradley N. Rotter                                   
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

NOT APPLICABLE                                      
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6            CITIZENSHIP OR PLACE OF ORGANIZATION                             

United States                                       
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF          -0-                                                          
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            1,794,924                                                 
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

-0-                                       

           ---------------------------------------------------------------
10  SHARED DISPOSITIVE POWER                        

1,589,324                                   

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,794,924                                     
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

55.2%                                               
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*                                         

IN                                                  
------------- ------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 4th Page of 14 TOC 1st Previous Next ↓Bottom Just 4th
------------------------                                 -----------------------
CUSIP No. 730715 10 9               13D                     Page 4 of 14 Pages  
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

Alan B. Perper                                      
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

NOT APPLICABLE                                      
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6            CITIZENSHIP OR PLACE OF ORGANIZATION                             

United States                                       
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF          -0-                                                          
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            1,794,924                                                 
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

-0-                                       

           ---------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                       

1,589,324                                 

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,794,924                                           
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

55.2%                                               
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*                                         

IN                                                  
------------- ------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 5th Page of 14 TOC 1st Previous Next ↓Bottom Just 5th
------------------------                                 -----------------------
CUSIP No. 730715 10 9               13D                     Page 5 of 14 Pages  
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

John Ward Rotter                                    
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

NOT APPLICABLE                                      
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6            CITIZENSHIP OR PLACE OF ORGANIZATION                             

United States                                       
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF          -0-                                                          
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            1,798,924                                                 
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

-0-                                       

           ---------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                       

1,593,324                                 

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

1,798,924                                           
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

55.3%                                               
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*                                         

IN                                                  
------------- ------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 6th Page of 14 TOC 1st Previous Next ↓Bottom Just 6th
------------------------                                 -----------------------
CUSIP No. 730715 10 9               13D                     Page 6 of 14 Pages  
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

Lodestone Capital Fund, LLC                         
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

AF                                                  
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6            CITIZENSHIP OR PLACE OF ORGANIZATION                             

Delaware                                            
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF          205,600                                                      
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            -0-                                                       
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

205,600                                   

           ---------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                       

-0-                                       

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

205,600                                             
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

6.3%                                                
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*                                         

OO                                                  
------------- ------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 7th Page of 14 TOC 1st Previous Next ↓Bottom Just 7th
------------------------                                 -----------------------
CUSIP No. 730715 10 9               13D                     Page 7 of 14 Pages  
------------------------                                 -----------------------

------------- ------------------------------------------------------------------
1            NAME OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

Lodestone Partners, LLC                             
------------- ------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                
                                                                  (a) [  ]

                                                                  (b) [  ]
------------- ------------------------------------------------------------------
3            SEC USE ONLY                                                     

------------- ------------------------------------------------------------------
4            SOURCE OF FUNDS*                                                 

NOT APPLICABLE                                      
------------- ------------------------------------------------------------------
5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED         

           PURSUANT TO ITEMS 2(d) OR 2(e)                             [  ]
------------- ----------------------------------------------------------------  
6            CITIZENSHIP OR PLACE OF ORGANIZATION                             

Delaware                                            
------------- ----------------------------------------------------------------  
7    SOLE VOTING POWER                              

NUMBER OF          205,600                                                      
SHARES       ---------------------------------------------------------------  
BENEFICIALLY  8    SHARED VOTING POWER                                          
OWNED BY                                                                      
EACH            -0-                                                       
REPORTING    ---------------------------------------------------------------  
PERSON WITH   9    SOLE DISPOSITIVE POWER                                       

205,600                                   

           ---------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                       

-0-                                       

------------- ------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

205,600                                             
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES              
CERTAIN SHARES*                                     
                                                                        [  ]
------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                  

6.3%                                                
------------- ----------------------------------------------------------------- 
14            TYPE OF REPORTING PERSON*                                         

OO                                                  
------------- ----------------------------------------------------------------- 

*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------

SC 13D 8th Page of 14 TOC 1st Previous Next ↓Bottom Just 8th
-------------------------                              ------------------------ 
CUSIP No. 730715 10 9                  13D                   Page 8 of 14 Pages 
-------------------------                              ------------------------ 

AMENDED AND RESTATED
--------------------
SCHEDULE 13D
------------

Item 1.  Security and Issuer.                                                   
------   ===================                                                    

         This  statement  relates  to the common  stock,  $0.01 par value (the
"Common  Stock"),  of  Point  West  Capital  Corporation  (the "Issuer").  The  
principal executive office of the Issuer is located at 1700 Montgomery Street,  
Suite 250, San Francisco, California 94111.                                     

Item 2.  Identity and Background.                                               
------   ========================                                               

(a)  Names of Persons Filing This Statement.                  
--------------------------------------              

The Echelon Group of Companies, LLC ("Echelon")     
Bradley N. Rotter                                   
Alan B. Perper                                      
John Ward Rotter                                    
Lodestone Capital Fund, LLC ("Lodestone Capital")   
Lodestone Partners, LLC ("Lodestone  Partners")     

        (b)  Residence or Business Addresses of Persons Filing This Statement.
            ----------------------------------------------------------------

         The address of the principal place of business of Echelon is:

1700 Montgomery Street, Suite 250   
San Francisco, California 94111     

             The business address of Bradley N.Rotter, Alan B. Perper and John
Ward Rotter is:                                     

1700 Montgomery Street, Suite 250   
San Francisco, California 94111     

       The address of the principal place of business of Lodestone
Capital is:                                         

31 Davies Street, 5th Floor         
London W1Y 1FN                      
England                             

       The address of the principal place of business of Lodestone
Partners is:                                        

917 Tahoe Boulevard, Suite 204A     
Incline Village, Nevada  89452      

  (c)  Principal Businessess or Occupations of Persons Filing This
       -----------------------------------------------------------
Statement.                                          
----------                                          

            Echelon is  principally  engaged in the  business  of  providing
investment and financial services.                  

SC 13D 9th Page of 14 TOC 1st Previous Next ↓Bottom Just 9th
-------------------------                              ------------------------ 
CUSIP No. 730715 10 9                  13D                   Page 9 of 14 Pages 
-------------------------                              ------------------------ 

             Lodestone  Capital is an  investment fund engaged in the business
of  investing in  securities  for its own account.  

         Lodestone Partners is engaged in the business of managing the
investment activities of Lodestone Capital.         

             Bradley N.  Rotter is the  Chairman of the Board of  Directors of
the Issuer  and the  managing  member of Echelon.   

            Alan B. Perper is the President and a director of the Issuer and
a member of Echelon.                                

       John Ward Rotter is the Executive  Vice President and Chief
           Financial  Officer and a director of the Issuer and a member of
Echelon.                                            

        (d)  None of the persons filing this statement has been convicted in a
           criminal  proceeding  (excluding  traffic violations or similar
misdemeanors) during the last five years.           

   (e)  None of the  persons  filing  this  report  has been a party
             during the last five years to a civil proceeding of a judicial or
             administrative  body, as a result of which he or it is subject to
             a judgement,  decree or final order enjoining  future  violations
             of, or prohibiting or mandating activities subject to, federal or
             state  securities  laws or finding any violation  with respect to
such laws.                                          

  (f)  Citizenship or Place of Organization of Persons Filing This
       -----------------------------------------------------------
Report.                                             
------                                              

           Echelon, Lodestone Capital and Lodestone Partners are organized
under the laws of the State of Delaware.            

     Bradley N. Rotter, Alan B.Perper and John Ward Rotter are
citizens of the United States.                      

Item 3.  Source and Amount of Funds or Other Consideration.                     
------   ==================================================                     

       The  purchases  of shares of the Common Stock that require the filing
of this statement were made for cash  consideration  in the aggregate amount of 
approximately $527,000. The purchases were made by Lodestone Capital with funds 
contributed  to it by two of its three  members,  Echelon  and the  Bradley  N. 
Rotter  Self-Employed   Pension  Plan  and  Trust.  The  source  of  the  funds 
contributed by Echelon was working capital.                                     

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-------------------------                              ------------------------ 
CUSIP No. 730715 10 9                  13D                 Page 10 of 14 Pages  
-------------------------                              ------------------------ 

Item 4.  Purpose of the Transaction.                                            
------   ===========================                                            

       Lodestone  Capital  purchased  the 205,600  shares of Common Stock on
November 20,  1997,  in the  ordinary  course of its  business  for  investment 
purposes only.                                                                  

Item 5.  Interest in Securities of the Issuer.                                  
------   =====================================                                  

  (a)   Number of Shares  Beneficially  Owned by Persons Filing This
        ------------------------------------------------------------
Statement.                                          
---------                                           

             Echelon is the record holder of 1,589,324  shares of Common Stock
             and is a member of Lodestone Capital,  which is the record holder
             of 205,600  shares of Common  Stock.  Echelon is also a member of
             Lodestone  Partners,  which is in turn the  manager of  Lodestone
             Capital.  Lodestone  Partners  is managed by a Board of  Managers
             composed   of  John   Ward   Rotter   and   Michael   Fitzsimmons
             ("Fitzsimmons"),  who is the other member of Lodestone  Partners.
             Pursuant to the Lodestone  Partners  Operating  Agreement between
             Echelon and  Fitzsimmons,  Fitzsimmons has sole investment  power
             with  respect  to  the  investments  of  Lodestone  Capital.  The
             Operating Agreement is, however,  silent on the subject of voting
             power  with  respect to  securities  held by  Lodestone  Capital.
             Therefore,  through  John Ward  Rotter,  Echelon may be deemed to
             share voting power with respect to  securities  held by Lodestone
             Capital and,  thus, to be the  beneficial  owner of the shares of
             Common  Stock  held  of  record  by  Lodestone  Capital.  Echelon
             disclaims beneficial ownership of the shares of Common stock held
             of  record by  Lodestone  Capital,  except  to the  extent of its
equity interest in Lodestone Capital.               

             Bradley N. Rotter, Alan B. Perper and John Ward Rotter constitute
             all of the members of Echelon  and, as such,  may be deemed to be
             the  beneficial  owners of the  shares of  Common  Stock  held of
             record by Echelon and Lodestone Capital.  Bradley N. Rotter, Alan
             B. Perper and John Ward Rotter disclaim  beneficial  ownership of
             the shares of Common  Stock held of record by Echelon,  except to
             the extent of their respective equity interests in Echelon.  Alan
             B. Perper and John Ward Rotter also disclaim beneficial ownership
             of the  shares  of  Common  Stock  held of  record  by  Lodestone
             Capital,   except  to  the  extent  of  their  respective  equity
             interests in Echelon and Echelon's  respective equity interest in
             Lodestone  Capital.  Bradley N.  Rotter  acknowledges  beneficial
             ownership  of  approximately  137,066  shares of the Common Stock
             held of record by Lodestone  Capital,  which are  attributable to
             the equity interest in Lodestone Capital of the Bradley N. Rotter
             Self-Employed  Pension Plan and Trust,  but  otherwise  disclaims
beneficial ownership of the shares of Common Stock  

SC 13D 11th Page of 14 TOC 1st Previous Next ↓Bottom Just 11th
--------------------------                            --------------------------
CUSIP No. 730715 10 9                 13D                    Page 11 of 14 Pages
--------------------------                            --------------------------

          held of record by  Lodestone  Capital,  except to the  extent of his
          respective  equity  interest  in Echelon  and  Echelon's  respective
          equity interest in Lodestone  Capital.  John Ward Rotter may also be
          deemed to be the beneficial  owner of shares of Common Stock subject
          to a stock  option  that was  granted to his spouse and vested  with
          respect to 4,000 shares (the "Option  Shares") on February 14, 1997,
but disclaims beneficial ownership of such shares.        

          Lodestone Partners is the manager of Lodestone Capital and, as such,
          may be deemed  to be the  beneficial  owner of the  shares of Common
          Stock  held of  record by  Lodestone  Capital.  Lodestone  Partners,
          however,  currently  has  only  a  nonparticipating  (or  "carried")
          interest in Lodestone Capital and, therefore,  disclaims  beneficial
          ownership  of the shares of Common Stock held of record by Lodestone
Capital.                                                  

     (b)   Percent of Outstanding Common Stock Beneficially Owned by Each Person
           ---------------------------------------------------------------------
Filing This  Statement.                                   
----------------------                                    

          Based on the  number of shares of  Common  Stock  outstanding  as of
          October 31, 1997, Echelon,  Bradley N  Rotter and Alan B. Perper may
          be deemed to beneficially own 55.2% of the outstanding Common Stock,
          and  Lodestone  Capital  and  Lodestone  Partners  may be  deemed to
          beneficially own 6.3% of the outstanding  Common Stock. Based on the
          number of shares of Common Stock outstanding as of October 31, 1997,
          plus  the  Option  Shares,   John  Ward  Rotter  may  be  deemed  to
beneficially own 55.3% of the outstanding Common Stock.   

     (c)  Number  of  Shares of  Common  Stock as to Which  Each of the  Persons
          ----------------------------------------------------------------------
Filing This Statement Has:                                  
-------------------------                                   

(i)     Sole Voting Power.                    

                        Echelon  has sole  power to vote or direct the vote of
                        the 1,589,324  shares of Common Stock that it holds of
record.                       

                        Lodestone Capital has sole power to vote or direct the
                        vote of the  205,600  shares of Common  Stock  that it
holds of record.              

                        As  the  manager  of  Lodestone   Capital,   Lodestone
                        Partners  may be deemed to have sole  power to vote or
                        direct the vote of the 205,600  shares of Common Stock
      held of record by Lodestone Capital.

SC 13D 12th Page of 14 TOC 1st Previous Next ↓Bottom Just 12th
--------------------------                            --------------------------
CUSIP No. 730715 10 9                13D                   Page 12 of 14 Pages  
--------------------------                            --------------------------

(ii) Shared Voting Power.                         

                   Through John Ward Rotter,  who is a member of Echelon and a
                   member  of the Board of  Managers  of  Lodestone  Partners,
                   which is the manager of Lodestone  Capital,  Echelon may be
                   deemed  to share  with  Fitzsimmons,  the  other  member of
                   Lodestone  Partners  and the  other  member of the Board of
                   Managers of Lodestone Partners, the power to vote or direct
                   the vote of the  205,600  shares  of Common  Stock  held of
record by Lodestone Capital.            

                   As the  members  of  Echelon,  Bradley N.  Rotter,  Alan B.
                   Perper  and John  Ward  Rotter  may be  deemed to share the
                   power to vote or direct the vote of the 1,589,324 shares of
                   Common  Stock  held of record by  Echelon  and the  205,600
                   shares of Common Stock held of record by Lodestone Capital.
                   John Ward  Rotter  may also be deemed to share the power to
           vote or direct the vote of the 4,000 Option Shares.

(iii) Sole Dispositive Power.                       

                   Echelon  has  sole  power  to  dispose  of  or  direct  the
                   disposition of the 1,589,324 shares of Common Stock that it
holds of record.                        

                   Lodestone  Capital  has sole  power to dispose of or direct
                   the  disposition of the 205,600 shares of Common Stock that
it holds of record.                     

                   As the manager of Lodestone Capital, Lodestone Partners may
                   be deemed to have sole  power to  dispose  of or direct the
                   disposition  of the 205,600  shares of Common Stock held of
record by Lodestone Capital.            

(iv)  Shared Dispositive Power.                     

                   As the  members  of  Echelon,  Bradley N.  Rotter,  Alan B.
                   Perper  and John  Ward  Rotter  may be  deemed to share the
                   power  to  dispose  of or  direct  the  disposition  of the
                   1,589,324 shares of Common Stock held of record by Echelon.
                   John Ward  Rotter  may also be deemed to share the power to
                   dispose of or direct the  disposition  of the 4,000  Option
Shares.                                 

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CUSIP No. 730715 10 9                 13D                 Page 13 of 14  Pages  
--------------------------                            --------------------------

     (d)  Transactions  in Common  Stock  During Past 60 Days by Persons  Filing
          ----------------------------------------------------------------------
This Statement.                                             
--------------                                              

         On November 20, 1997,  Lodestone  Capital purchased 205,600 shares of
         Common Stock in the open market  through a broker at an average price
per share of $2.5625.                                       

Item 6.   Contracts,  Arrangements,  Understandings  or  Relationships  With    
      ==================================================================
Respect to Securities of the Issuer.                        
===================================                         

None.                                                       

Item 7.  Material to be Filed as Exhibits.                                      
=================================                             

None.                                                         

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CUSIP No. 730715 10 9                13D                   Page 14 of 14 Pages  
-------------------------                              -------------------------

 SIGNATURE

                  After  reasonable  inquiry and to the best of their  knowledge
and belief,  the  undersigned  certify  that the  information  set forth in this
statement is true, complete and correct.                                        

Date:  December 1, 1997                                                         

     THE ECHELON GROUP OF COMPANIES, LLC

December 1, 1997          By:  /s/Bradley N. Rotter                             
           -------------------------------
      Bradley N. Rotter,
   Managing Member

December 1, 1997           /s/Bradley N. Rotter                                 
       -----------------------------------
Bradley N. Rotter   

December 1, 1997           /s/Alan B. Perper                                    
        ------------------------------------
Alan B. Perper      

December 1, 1997           /s/John Ward Rotter                                  
        ------------------------------------
John Ward Rotter    

LODESTONE CAPITAL FUND, LLC 
  By:    LODESTONE PARTNERS, LLC
Manager       

            By: /s/Michael Fitzsimmons
                       -------------------------------
                   Michael Fitzsimmons
       Manager

December 1, 1997                 By: /s/John Ward Rotter                        
                       -------------------------------
                John Ward Rotter
       Manager

LODESTONE PARTNERS, LLC     

By: /s/Michael Fitzsimmons  
         -------------------------------
     Michael Fitzsimmons
Manager       

December 1, 1997          By: /s/John Ward Rotter                               
           -------------------------------
  John Ward Rotter
Manager

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

	12/2/97
Filed on:	12/1/97	14		SC 13D
	11/20/97	1	13
	10/31/97	11
	2/14/97	11		S-8, SC 13G, SC 13G/A
				List all Filings

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Filing Submission 0001050358-97-000001 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Lodestone Partners LLC – ‘SC 13D’ on 12/1/97 re: Point West Capital Corp

As of: Monday, 12/1/97 · Confirming Copy? Yes © · Accession #: 1050358-97-1 · File #: 5-47339

Previous ‘SC 13D’: None · Next: ‘SC 13D’ on 12/1/97 · Latest: ‘SC 13D/A’ on 8/29/00

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

As of: Monday, 12/1/97 · Confirming Copy? Yes `©` · Accession #: 1050358-97-1 · File #: 5-47339

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents