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


                                March 5, 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             (Commission              (IRS Employer
jurisdiction of             File Number)             Identification
incorporation)                                                    No)


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



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





Item 5.  Other Events.
=====================

                  On  March 5, 1999 the  Company  issued  a  press  release
announcing 1998 results and financial condition.  The press release is
filed herewith as exhibit 99.




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

             99       Text of Press Release dated March 5, 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 hereunto duly authorized.

                                                     Point West Capital
                                                     Corporation
                                                     ==================



                                              By:   /s/Alan B. Perper
                                                  -------------------------
                                                       President

Date: March 11, 1999




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

====================== ================================ =======================
Exhibit Number          Document Description             Sequential
                                                         Page Number
==============          =====================            ============

====================== ================================ =======================
    99                  Text of Press Release dated
                        March 5, 1999                          1
====================== ================================ =======================
====================== ================================ =======================