SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No.1)
The WMF Group, Ltd.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
929289106
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(CUSIP Number)
Tami E. Nason, Esq. COPY TO: Christopher A. Klem, Esq.
Charlesbank Capital Partners, LLC Ropes & Gray
600 Atlantic Avenue One International Place
Boston, MA 02210 Boston, MA 02110
(617) 619-5400 (617) 951-7410
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 4, 1998
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(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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
Page 1 of 4 Pages
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SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP No. 929289106 | | Page 2 of 4 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | Charlesbank Capital Partners, LLC |
| | |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | OO |
| | |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) OR 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | Massachusetts |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 2,945,902 shares |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | -- |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 2,945,902 shares |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | -- |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 2,945,902 shares |
| | |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | 55.9% |
| | |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON* |
| | OO |
| | |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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The WMF Group, Ltd.
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Amendment No. 1
---------------
This Amendment No. 1 hereby amends the initial Schedule 13D filed on July 10,
1998.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
Item 3 is amended by adding the following thereto:
Beneficial ownership of a warrant to purchase 960,000 shares of Common
Stock of the Issuer was acquired by Harvard Private Capital Holdings, Inc.
("HPCH"), an affiliate of Harvard, on September 4, 1998. Pursuant to the
Existing Assets Managment Agreement, dated as of July 1, 1998 between
Charlesbank, Harvard and certain individuals, Charlesbank may be deemed to have
acquired beneficial ownership of the Common Stock of which HPCH is the direct
beneficial owner.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Item 5, paragraph (a) is amended to read as follows:
(a) Charlesbank is the beneficial owner of 2,945,902 shares of Common Stock
(approximately 55.9% of the shares of Common Stock based upon the most recent
filing of the Issuer with the Securities and Exchange Commission and including
shares of Common Stock which Harvard and its affiliates have the right to
acquire beneficial ownership of within 60 days).
Page 3 of 4 Pages
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Signature
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After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: September 23, 1998
CHARLESBANK CAPITAL PARTNERS, LLC
By: /s/ Michael Thonis
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Name: Michael Thonis
Title: Authorized Signatory
Page 4 of 4 Pages
