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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ALARMGUARD HOLDINGS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.0001 PER SHARE
(Title of Class of Securities)
011 649 100
(CUSIP Number)
February 13, 1998
- -------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 in 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 ("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).
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVANCE CAPITAL PARTNERS, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
669,575.76
---------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 669,575.76
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669,575.76
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
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CUSIP NO. 011 649 100 PAGE 3 OF 6 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVANCE CAPITAL OFFSHORE PARTNERS, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
209,212.12
---------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 209,212.12
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
209,212.12
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
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CUSIP NO. 011 649 100 PAGE 4 OF 6 PAGES
Item 1(a). Name of Issuer:
ALARMGUARD HOLDINGS, INC
Item 1(b). Address of Issuer's Principal Executive Offices:
125 FRONTAGE ROAD
ORANGE, CT 06477
Item 2(a). Name of Person Filing:
THIS STATEMENT IS BEING FILED BY ADVANCE CAPITAL PARTNERS, L.P., A DELAWARE
LIMITED PARTNERSHIP AND ADVANCE CAPITAL OFFSHORE PARTNERS, L.P., A CAYMAN
ISLANDS LIMITED PARTNERSHIP (COLLECTIVELY, THE "REPORTING PERSONS").
Item 2(b). Address of Principal Business Office:
ADVANCE CAPITAL PARTNERS, L.P.
660 MADISON AVE, 15TH FLOOR
NEW YORK, NY 10021
ADVANCE CAPITAL OFFSHORE PARTNERS, L.P.
C/O CITGO FUND SERVICES (CAYMAN ISLANDS) LIMITED
SAFEHAVEN CORPORATE CENTRE
LEWARD BUILDING
P.O. BOX 31106 SMB
WEST BAY ROAD
GRAND CAYMAN
CAYMAN ISLANDS B.W.I.
Item 2(c). Citizenship:
ADVANCE CAPITAL PARTNERS -- DELAWARE
ADVANCE CAPITAL OFFSHORE PARTNERS -- CAYMAN ISLANDS
Item 2(d). Title of Class of Securities:
SERIES A CONVERTIBLE PREFERRED STOCK
Item 2(e). CUSIP Number:
011 649 100
Item 3. Statements Filed Pursuant to Rules 13d(1)(b) or 13d-2(b): Not
applicable.
If this statement is filed pursuant to s240.13d-(c),
check this box. [X]
Item 4. Ownership
ADVANCE CAPITAL PARTNERS, L.P.
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CUSIP NO. 011 649 100 PAGE 5 OF 6 PAGES
(a) Amount Beneficially Owned: 669,575.76
(b) Percent of Class: 10.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 669,575.76
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 669,575.76
(iv) shared power to dispose or to direct the disposition of: 0
ADVANCE CAPITAL OFFSHORE PARTNERS, L.P.
(a) Amount Beneficially Owned: 209,212.12
(b) Percent of Class: 3.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 209,212.12
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 209,212.12
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
NOT APPLICABLE.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
NOT APPLICABLE.
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on By the Parent Holding Company:
NOT APPLICABLE.
Item 8. Identification and Classification of Members of the Group:
ADVANCE CAPITAL PARTNERS, L.P. AND ADVANCE CAPITAL OFFSHORE PARTNERS, L.P. ARE
FILING THIS STATEMENT ON SCHEDULE 13G AS A GROUP.
Item 9. Notice of Dissolution of Group:
NOT APPLICABLE.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE> 6
CUSIP NO. 011 649 100 PAGE 6 OF 6 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 24, 1998
_______________________________
(Date)
ADVANCE CAPITAL OFFSHORE PARTNERS, L.P.
By: /s/ Robert A. Bernstein
-----------------------
Robert A. Bernstein
Principal
ADVANCE CAPITAL PARTNERS, L.P.
/s/ Robert A. Bernstein
By: ------------------------
Robert A. Bernstein
Principal
