SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549


                                    FORM 8-K
                                    --------

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                               September 20, 1999
       -----------------------------------------------------------------
                Date of Report (Date of earliest event reported)


                      POINT WEST CAPITAL CORPORATION
             (Exact name of registrant as specified in its charter)



          Delaware                        0-27736                94-3165263
          ---------                       -------                -----------
 State or other jurisdiction of       (Commission File        (I.R.S. Employer
 incorporation or organization)          Number)          Identification Number)


     1700 Montgomery Street, Suite 250
     ----------------------------------
          San Francisco, California                            94111
                                                               -----
    (Address of principal executive offices)                 (Zip Code)


                                 (415) 394-9467
                                 ---------------
              (Registrant's telephone number, including area code)






<PAGE>


Item 4.  Changes in Registrant's Certifying Accountant.
-------  ----------------------------------------------

         (a)  On   September   20,   1999,   Point  West   Capital   Corporation
("Registrant")  dismissed KPMG LLP as the Registrant's  independent accountants.
The  decision to change  independent  accountants  was made by the  Registrant's
Board of Directors,  upon the  recommendation  thereof by the Audit Committee of
the  Registrant's  Board of Directors.  The reports of KPMG LLP on the financial
statements of the Registrant for the past two fiscal years  contained no adverse
opinion or  disclaimer  of opinion  and were not  qualified  or  modified  as to
uncertainty,  audit scope or accounting principles.  During the Registrant's two
most recent fiscal years and any subsequent  interim period,  there have been no
disagreements with KPMG LLP on any matter of accounting principles or practices,
financial   statement   disclosure  or  auditing   scope  or  procedure,   which
disagreements,  if not  resolved  to the  satisfaction  of KPMG LLP,  would have
caused  them  to  make  reference  thereto  in  their  report  on the  financial
statements for such years.

         The  Registrant  has  delivered  a copy of this Form 8-K Report to KPMG
LLP, and KPMG LLP has provided the  Registrant  with a letter to the effect that
it agrees with the statements  made in Item 4(a) of this report.  The Registrant
has filed, as an exhibit to this Form 8-K Report, a copy of KPMG LLP's letter.

         (b) On September 24, 1999, the Registrant  engaged the accounting  firm
of Ernst & Young LLP as the Registrant's independent public accountants.  During
the Registrant's two most recent fiscal years and any subsequent interim period,
the  Registrant  did not  consult  Ernst & Young LLP  regarding  either  (1) the
application  of  accounting  principles  to  a  specified  transaction,   either
completed or proposed,  (2) the type of audit  opinion that might be rendered on
the Registrant's financial statements, and neither a written report was provided
to the  Registrant nor oral advice was provided that Ernst & Young LLP concluded
was an important  factor  considered by the Registrant in reaching a decision as
to the accounting,  auditing or financial reporting issue or (3) any matter that
was either the subject of a disagreement (as defined in paragraph  (a)(1)(iv) of
Item 304 of  Regulation  S-K and the  related  instructions  to that  Item) or a
reportable event (as described in paragraph  (a)(1)(v) of Item 304 of Regulation
S-K).

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
============================================================================

(c)   Exhibits

         16.1                  Letter from KPMG LLP dated September 24, 1999.


<PAGE>



                                   SIGNATURES
                                   -----------

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                      POINT WEST CAPITAL CORPORATION
                                      -------------------------------


                                        By:  /s/Alan B. Perper
                                       -------------------------
                                             President
Date: September 24, 1999

<PAGE>


                                          EXHIBIT INDEX
                                          =============


============================= ================================================
          Exhibit
           Number                        Document Description
          ========                       ---------------------
            16.1              Letter from KPMG LLP dated September 24,
                              1999
============================= ================================================
[{"type": "8-K", "sequence": "1", "description": "CHANGES OF CERTIFIED ACCOUNTANT", "secsgml_size_bytes": 5460}]
{"company-data": {"conformed-name": "POINT WEST CAPITAL CORP", "cik": "0001002813", "assigned-sic": "6199", "irs-number": "943165263", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27736", "film-number": "99717446"}, "business-address": {"street1": "1700 MONTGOMERY ST", "street2": "STE 250", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111", "phone": "4153949467"}, "mail-address": {"street1": "1700 MONTGOMERY ST", "street2": "STE 250", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111"}}
SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                    FORM 8-K
                                    --------

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                               September 20, 1999
       -----------------------------------------------------------------
                Date of Report (Date of earliest event reported)

                      POINT WEST CAPITAL CORPORATION
             (Exact name of registrant as specified in its charter)

          Delaware                        0-27736                94-3165263
          ---------                       -------                -----------
 State or other jurisdiction of       (Commission File        (I.R.S. Employer
 incorporation or organization)          Number)          Identification Number)

     1700 Montgomery Street, Suite 250
     ----------------------------------
          San Francisco, California                            94111
                                                               -----
    (Address of principal executive offices)                 (Zip Code)

                                 (415) 394-9467
                                 ---------------
              (Registrant's telephone number, including area code)
Item 4.  Changes in Registrant's Certifying Accountant.
-------  ----------------------------------------------

         (a)  On   September   20,   1999,   Point  West   Capital   Corporation
("Registrant")  dismissed KPMG LLP as the Registrant's  independent accountants.
The  decision to change  independent  accountants  was made by the  Registrant's
Board of Directors,  upon the  recommendation  thereof by the Audit Committee of
the  Registrant's  Board of Directors.  The reports of KPMG LLP on the financial
statements of the Registrant for the past two fiscal years  contained no adverse
opinion or  disclaimer  of opinion  and were not  qualified  or  modified  as to
uncertainty,  audit scope or accounting principles.  During the Registrant's two
most recent fiscal years and any subsequent  interim period,  there have been no
disagreements with KPMG LLP on any matter of accounting principles or practices,
financial   statement   disclosure  or  auditing   scope  or  procedure,   which
disagreements,  if not  resolved  to the  satisfaction  of KPMG LLP,  would have
caused  them  to  make  reference  thereto  in  their  report  on the  financial
statements for such years.

         The  Registrant  has  delivered  a copy of this Form 8-K Report to KPMG
LLP, and KPMG LLP has provided the  Registrant  with a letter to the effect that
it agrees with the statements  made in Item 4(a) of this report.  The Registrant
has filed, as an exhibit to this Form 8-K Report, a copy of KPMG LLP's letter.

         (b) On September 24, 1999, the Registrant  engaged the accounting  firm
of Ernst & Young LLP as the Registrant's independent public accountants.  During
the Registrant's two most recent fiscal years and any subsequent interim period,
the  Registrant  did not  consult  Ernst & Young LLP  regarding  either  (1) the
application  of  accounting  principles  to  a  specified  transaction,   either
completed or proposed,  (2) the type of audit  opinion that might be rendered on
the Registrant's financial statements, and neither a written report was provided
to the  Registrant nor oral advice was provided that Ernst & Young LLP concluded
was an important  factor  considered by the Registrant in reaching a decision as
to the accounting,  auditing or financial reporting issue or (3) any matter that
was either the subject of a disagreement (as defined in paragraph  (a)(1)(iv) of
Item 304 of  Regulation  S-K and the  related  instructions  to that  Item) or a
reportable event (as described in paragraph  (a)(1)(v) of Item 304 of Regulation
S-K).

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
============================================================================

(c)   Exhibits

         16.1                  Letter from KPMG LLP dated September 24, 1999.
SIGNATURES
                                   -----------

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                      POINT WEST CAPITAL CORPORATION
                                      -------------------------------

                                        By:  /s/Alan B. Perper
                                       -------------------------
                                             President
Date: September 24, 1999
EXHIBIT INDEX
                                          =============

============================= ================================================
          Exhibit
           Number                        Document Description
          ========                       ---------------------
            16.1              Letter from KPMG LLP dated September 24,
                              1999
============================= ================================================