Visual Studio Remote Debugging Monitor The following error occurred

I have been trying to run a remote debugging with Visual Studio 2010 on my Windows 7 machine from Windows Server 2008 R2 machine.
I am remotely connected to the Windows 7 machine and I can access the admin$ share of that machine. But when I try to run a debug I get the error message.
Visual Studio Remote Debugging Monitor
The following error occurred: Not enough storage is available to complete this operation View Msvmon’s help for more information.
Now has anyone come across something like this?
