UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
James River Group, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
470359100
(CUSIP Number)
December 31, 2006
(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)
[ ] Rule 13d-1(c)
[X] 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).
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 2 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HRWCP 1 LP
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,883,590(1)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,883,590(1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,883,590(1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 3 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
High Ridge Capital Partners II, 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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 276,753(2)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
276,753(2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
276,753(2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 4 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
High Ridge GP Holdings LLC
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,883,590(1)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,883,590(1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,883,590(1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 5 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
High Ridge GP II LLC
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 276,753(2)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
276,753(2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
276,753(2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 6 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Liberty Street Corp.
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,246,982(1), (2), (3)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,246,982(1), (2), (3)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,246,982(1), (2), (3)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
(3) 86,639 shares are beneficially owned directly by Liberty Street Partners
L.P. The general partner of Liberty Street Partners L.P. is Liberty Street
Corp. Steven J. Tynan owns an equity interest in Liberty Street Corp.
Accordingly, Liberty Street Corp. and Steven J. Tynan can be deemed to
share voting and dispositive power over the shares beneficially owned by
Liberty Street Partners L.P.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 7 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Liberty Street 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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,246,982(1), (2), (3)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,246,982(1), (2), (3)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,246,982(1), (2), (3)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
(3) 86,639 shares are beneficially owned directly by Liberty Street Partners
L.P. The general partner of Liberty Street Partners L.P. is Liberty Street
Corp. Steven J. Tynan owns an equity interest in Liberty Street Corp.
Accordingly, Liberty Street Corp. and Steven J. Tynan can be deemed to
share voting and dispositive power over the shares beneficially owned by
Liberty Street Partners L.P.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 8 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Long Trail Ventures LLC
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,883,590(1)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,883,590(1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,883,590(1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
------------------- ------------------
CUSIP NO. 470359100 13 G PAGE 9 OF 18 PAGES
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven J. Tynan
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,246,982(1), (2), (3)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,246,982(1),(2),(3)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,246,982(1),(2),(3)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
(3) 86,639 shares are beneficially owned directly by Liberty Street Partners
L.P. The general partner of Liberty Street Partners L.P. is Liberty Street
Corp. Steven J. Tynan owns an equity interest in Liberty Street Corp.
Accordingly, Liberty Street Corp. and Steven J. Tynan can be deemed to
share voting and dispositive power over the shares beneficially owned by
Liberty Street Partners L.P.
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 10 OF 18 PAGES
------------------- -------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James L. Zech
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
129,960
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,275,343(1), (2)
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 129,960
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,275,343(1),(2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,405,303(1), (2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
(1) 1,883,590 shares are beneficially owned directly by HRWCP 1 LP. The general
partner of HRWCP 1 LP is High Ridge GP Holdings LLC. Steven J. Tynan and
James L. Zech are the managers of High Ridge GP Holdings LLC. Long Trail
Ventures owns 100% of the equity interest in High Ridge GP Holdings LLC.
Liberty Street Partners L.P. and James L. Zech own 100% of the equity
interest in Long Trail Ventures LLC. The general partner of Liberty Street
Partners L.P. is Liberty Street Corp. Steven J. Tynan owns an equity
interest in Liberty Street Corp. Accordingly, High Ridge GP Holdings LLC,
Long Trail Ventures LLC, Liberty Street Partners L.P., Liberty Street
Corp., Steven J. Tynan and James L. Zech can be deemed to share voting and
dispositive power over the shares beneficially owned directly by HRWCP 1
LP.
(2) 276,753 shares are beneficially owned directly by High Ridge Capital
Partners II, L.P. High Ridge GP II LLC is the general partner of High Ridge
Capital Partners II, L.P. Steven J. Tynan and James L. Zech are the
managers of High Ridge GP II LLC. Liberty Street Partners L.P. and James L.
Zech own 100% of the equity interest of High Ridge GP II LLC. The general
partner of Liberty Street Partners L.P. is Liberty Street Corp. Steven J.
Tynan owns an equity interest in Liberty Street Corp. Accordingly, High
Ridge GP II LLC, Liberty Street Partners L.P., Liberty Street Corp., Steven
J. Tynan and James L. Zech can be deemed to share voting and dispositive
power over the shares beneficially owned directly by High Ridge Capital
Partners II, L.P.
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 11 OF 18 PAGES
------------------- -------------------
Item 1(a) Name of Issuer
James River Group, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices
300 Meadowmont Village Circle, Suite 333
Chapel Hill, NC 27517
Item 2(a) Name of Person Filing
HRWCP 1 LP
High Ridge Capital Partners II, L.P.
High Ridge GP Holdings LLC
High Ridge GP II LLC
Liberty Street Corp.
Liberty Street Partners L.P.
Long Trail Ventures LLC
Steven J. Tynan
James L. Zech
Item 2(b) Address of Principal Business Office or, if none, Residence
James L. Zech:
672 Oenoke Ridge
New Canaan, CT 06840
HRWCP 1 LP
High Ridge Capital Partners II, L.P.
High Ridge GP Holdings LLC
High Ridge GP II LLC
Liberty Street Corp.
Liberty Street Partners L.P.
Long Trail Ventures LLC
Steven J. Tynan:
5405 2 Morgan Hill Road
South Woodstock, VT 05071
Item 2(c) Citizenship
HRWCP 1 LP, High Ridge Capital Partners II, L.P. and Liberty Street
Partners L.P. are each a limited partnership organized in the State
of Delaware. High Ridge GP Holdings LLC, High Ridge GP II LLC and
Long Trail Ventures LLC are each a limited liability company
organized in the State of Delaware. Liberty Street Corp. is a
corporation organized in the State of Delaware. Steven J. Tynan and
James L. Zech are citizens of the United States of America.
Item 2(d) Title of Class of Securities
Common Stock, par value $0.01 per share
Item 2(e) CUSIP Number
470359100
Item 3 Not applicable.
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 12 OF 18 PAGES
------------------- -------------------
Item 4 Ownership
(a) and (b)
HRWCP 1 LP beneficially owns 1,883,590 shares or 12.5% of the
outstanding common stock. High Ridge Capital Partners II, L.P.
beneficially owns 276,753 shares or 1.8% of the outstanding common
stock. High Ridge GP Holdings LLC beneficially owns 1,883,590 shares
or 12.5% of the outstanding common stock. High Ridge GP II LLC
beneficially owns 276,753 shares or 1.8% of the outstanding common
stock. Liberty Street Corp. beneficially owns 2,246,982 shares or
14.9% of the outstanding common stock. Liberty Street Partners L.P.
beneficially owns 2,246,982 shares or 14.9% of the outstanding
common stock. Long Trail Ventures LLC beneficially owns 1,883,590
shares or 12.5% of the outstanding common stock. Steven J. Tynan
beneficially owns 2,246,982 shares or 14.9% of the outstanding
common stock. James L. Zech beneficially owns 2,405,303 shares or
15.9% of the outstanding common stock.
The beneficial ownership percentages of the reporting persons set
forth herein have been calculated based upon 15,087,308 shares of
common stock of James River Group, Inc. outstanding at October 26,
2006, as reported on James River Group, Inc.'s Form 10-Q for the
quarterly period ended September 30, 2006.
(c)
HRWCP 1 LP has sole voting and dispositive power over no shares of
common stock and shared voting and dispositive power over 1,883,590
shares. High Ridge Capital Partners II, L.P. has sole voting and
dispositive power over no shares of common stock and shared voting
and dispositive power over 276,753 shares. High Ridge GP Holdings
LLC has sole voting and dispositive power over no shares of common
stock and shared voting and dispositive power over 1,883,590 shares.
High Ridge GP II LLC has sole voting and dispositive power over no
shares of common stock and shared voting and dispositive power over
276,753 shares. Liberty Street Corp. has sole voting and dispositive
power over no shares of common stock and shared voting and
dispositive power over 2,246,982 shares. Liberty Street Partners
L.P. has sole voting and dispositive power over no shares of common
stock and shared voting and dispositive power over 2,246,982 shares.
Long Trail Ventures LLC has sole voting and dispositive power over
no shares of common stock and shared voting and dispositive power
over 1,883,590 shares. Steven J. Tynan has sole voting and
dispositive power over no shares of common stock and shared voting
and dispositive power over 2,246,982 shares. James L. Zech has sole
voting and dispositive power over 129,960 shares of common stock and
shared voting and dispositive power over 2,275,343 shares.
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
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 or
Control Person
Not applicable.
Item 8 Identification and Classification of Members of the Group
This Schedule is being filed pursuant to Rule 13d-1(d). The
identities of the group are stated in Item 2.
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CUSIP NO. 470359100 13 G PAGE 13 OF 18 PAGES
------------------- -------------------
Item 9 Notice of Dissolution of Group
Not applicable.
Item 10 Certification
Not applicable.
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 14 OF 18 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.
January 18, 2007 HRWCP 1 LP
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
Manager of General Partner
January 18, 2007 High Ridge Capital Partners II, L.P.
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
Manager of General Partner
January 18, 2007 High Ridge GP Holdings LLC
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
Manager
January 18, 2007 High Ridge GP II LLC
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
Manager
January 18, 2007 Liberty Street Corp.
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
President
January 18, 2007 Liberty Street Partners L.P.
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
President of General Partner
January 18, 2007 Long Trail Ventures LLC
By: /s/ Steven J. Tynan
------------------------------------
Steven J. Tynan
Manager
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 15 OF 18 PAGES
------------------- -------------------
January 18, 2007 Steven J. Tynan
/s/ Steven J. Tynan
----------------------------------------
Steven J. Tynan
January 18, 2007 James L. Zech
/s/ James L. Zech
----------------------------------------
James L. Zech
------------------- -------------------
CUSIP NO. 470359100 13 G PAGE 16 OF 18 PAGES
------------------- -------------------
EXHIBIT INDEX
Exhibit No.
-----------
99.1 Joint Filing Agreement pursuant to 13d-1(k)(1) among, HRWCP 1 LP,
High Ridge Capital Partners II, L.P., High Ridge GP Holdings LLC,
High Ridge GP II LLC, Liberty Street Corp., Liberty Street
Partners L.P., Long Trail Ventures LLC, Steven J. Tynan and James
L. Zech.