Tim Jackson has resigned as managing director of the Carlyle Internet Partners Europe, according to press reports. He may however continue in an advisory role with the business.
Jackson's departure comes only two months after the resignation of Jean-Bernard Tellio, who alongside Jackson had had responsibility for running Carlyle's European internet fund, a vehicle worth E730m.
He was appointed to the position to boost Carlyle’s European internet and technology investment operations. Prior to becoming a venture capitalist, he founded QXL, the online auction site, in September 1997. He also writes on the internet and venture capital industry for several newspapers and magazines.
Washington-based Carlyle launched the European E730m internet fund early last year. According to The Standard Europe, the firm has so far invested 20 per cent of the fund, with the majority of investments in business-to-business, software and communications technologies.