Jennifer Harris

NEA’s founder to move to China

New Enterprise Associates’ Dick Kramlich will live in Shanghai for all of 2008, helping to source deals and build relationships.

Apax, USBX, Arthur Anderson execs launch buyout firm(2)

Former Apax, USBX and Arthur Anderson executives have founded Egis Capital to take advantage of rising government spending in the defence sector. Next year the firm plans to raise a $200 million fund.

Sallie Mae rejects lower bid(3)

Sallie Mae has rejected a revised bid from the JC Flowers-led consortium that would have cut the value of the $25 billion buyout by up to $4 billion.

Bessemer will reduce carbon footprint(2)

Bessemer Venture Partners will go ‘carbon neutral’ by the end of the year, a step few private equity or venture capital firms appear poised to take.

Yale returns 28 percent, beats peers(4)

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.

Former JPMorgan chief to advise Aurora

William Harrison is the latest high level investment banker to cross over to the private equity industry.

Sigma closes eighth VC fund on $500m(3)

Venture firm Sigma Partners will not make any major changes in its early-stage strategy for its latest, $500 million fund.

Major study hints at PE’s negative impact on jobs

A researcher from the University of Chicago’s business school has presented preliminary findings from a study that could provide fodder for critics of private equity, who say the industry threatens US jobs.

Vestar grows NY team

Evan Marks and Victor Cohen come to Vestar Capital from WebMD Health Corporation and Capital Z/Union Square Partners, respectively.

Yucaipa buys stake in Xinhua Finance(4)

After years of unsuccessful bids for US news agencies, Ron Burkle's investment firm has acquired a stake in China's Xinhua Finance Media.