peHUB First Read

* European private equity is a mess. Blog post leads with Alchemy, but that's really a small fish in the hotly-burning pond. In fact, the rapid demise of London-based, pan-European firms might ultimately be the year's most important -- and lasting -- private equity story. * Corrine Ball, co-head of restructuring at Jones Day: Looking at Chrysler's rebound. * Academic paper suggests that having more independent directors leads to more cronyism in top management positions (h/t @footnoted). * Morning Call: U.S. futures point higher, London gains on oil, European shares rise on banks, the Nikkei closes above 10k and profit-taking fells Hong Kong and Shanghai. * Will Google's biotech investments help improve its core search product? * George Soros plans to invest $1 billion into the cleantech space, plus donate $100 million to an environmental advisory group. * Bilal Zuberi, a principal with VC firm General Catalyst Partners, isn't speaking to 1,000 techies at MIT anytime soon. But if he were, this is what he'd tell them.