Nestor Partners raises $4.47 million in private placement of limited partnership interests

By Sheri Kasprzak

New York, May 3 - Nestor Partners has concluded two private placements of limited partnership interests totaling $4,477,029.

In the first closing on April 3, the company sold $792,250 in limited partnership interests and in the second, which occurred May 1, the company sold $3,684,779 in limited partnership interests.

The price per interest could not be determined Wednesday.

The stock gained 20 cents, or 6.25%, to close at $3.40 (Nasdaq: NEST).

Based in Greenwich, Conn., Nestor is a software company.

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