It just doesn't stop. The romantic image of The Carlyle Group as secretive cabal is too much for filmmakers and novelists to resist. The latest Carlyle look-alike to pop up in fiction appears in a new book from humourist Christopher Buckley, who has just released a satire of Middle-East politics called Florence of Arabia. The book is guaranteed to offend just about everyone. A reviewer wrote recently: “To call Buckley irreverent doesn't do justice to reverence”. Buckley's new novel follows the story of one Florence, a disgruntled US State Department employee who travels on a secret mission to the Kingdom of Wasabia [sic] to agitate for women's rights. During her adventures she encounters a shadowy, powerful, money-grubbing investment firm with its fingerprints all over the Arab world called, ahem, The Waldorf Group. We have to admit this one gave us a chuckle.

“We will take risks but not indefinitely. We're long-term investors, not long-term idealists”.

Sandra Robertson, head of alternative assets at Wellcome Trust and a panellist at the EVCA technology conference in Barcelona, on the need for European venture capital to prove itself.

“Given that most of these investments have so far been dogs, the question of fees is even more relevant”.

An editorial in the Wall Street Journal, arguing that CalPERS is wrong to refuse disclosure of the fees it pays to private equity fund managers. The editorial notes several underperforming investment vehicles that “seem to involve cronyism”.

“I intend to be chairman and partner of Thayer for the rest of my life”.

Fred Malek, founder of Washington DC's Thayer Capital Partners, insisting on his continued role at the firm despite reducing his day-to-day oversight of investment activity, to The Washington Post.

“North American data covering the past 25 years show that, to outperform the liquid markets over the long term, venture capital investors need a first or second-quartile performance, which has not been the case for the Caisse on a 10-year horizon”.

Henri-Paul Rousseau, chairman and CEO of the Caisse de dép^t et placement du Québec, explains why the group decided to overhaul its approach to investing in venture capital funds.

“EMPEA will do for emerging markets investing what the US and European venture capital associations did for their markets – expand investment activity through information sharing and creation of industry standards”.

Teresa Barger, a director of the International Finance Corporation and board member of the newly formed Emerging Markets Private Equity Association, in an announcement on the naming of Sarah Alexander as EMPEA's new executive director.