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- (01/02/02) --CompuCredit Corp. , a marketer of subprime credit cards, said itraised $40 million last week through the private placement ofpreferred stock convertible into common shares. The funds will beused mainly to finance growth, a spokesperson, according to thecompany. Investors included: J.P. Morgan Corsair II CapitalPartners L.P., Paladin Capital Partners Fund L.P., and entitiescontrolled by CompuCredit Chairman and CEO David G. Hanna and hisbrother, Frank J. Hanna III, a CompuCredit director. Corsair, whichinvested $25 million, is a fund managed by J.P. Morgan Chase &Co. that invests in financial-services companies.