Private Equity
In this week's installment of Job Moves, we look at Kleiner Perkins' latest hire and the firm he left; a key private equity appointment for the nation's largest pension fund; a new fund for two former Insight GPs; a Brazilian expansion; and another very large pension fund that looks to be hiring. KP HIRES HUANG FROM VIVO Just a few days after Vivo Ventures announced the promotion of a partner to head its China operations, Kleiner Perkins Caufield & Byers announced that it has hired former Vivo partner James Huang to advise on life science investments as a partner in its Shanghai office. Huang was a managing partner at Vivo and, previously,
4 min read · 04 June 2011
This is the first installment of a new feature that looks at who’s moving in, up (or out) in venture capital and private equity circles. In this week's column, Vivo Ventures promotes two doctors to managing partner, BlackRock makes the first three of an expected 20 new appointments, TA associates announces its first hire for a new Hong Kong office, Venrock adds a partner for health care IT, and a U.S. Venture Partners staffer joins a startup. VIVO ADDS TWO Vivo Ventures, a life science-focused venture firm based in Silicon Valley, announced promotions of two to managing partner this week, one of whom will be based in Palo Alto, Calif., and the other in China. The first is Chen Yu, who joined Vivo as a partner in 2007. Prior to Vivo, Yu was an early employee at aQuantive, which listed on Nasdaq in 2000 and ultimately was acquired for $6.5 billion by
5 min read · 31 May 2011
8 min read · 21 May 2011
GreenRoad, a California-based developer of driving behavior and safety management services, has named Jim Heeger as its chief executive, and added $13 million in equity financing. The money comes from existing investors, GreenRoad said Wednesday. The company last raised a $10 million round in February 2010 from Benchmark Capital, DAG Ventures, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital.
3 min read · 18 May 2011
2 min read · 18 May 2011
2 min read · 16 May 2011
RiverVest Venture Partners promoted John McKearn to managing director. McKearn joined RiverVest as a venture partner in 2008. RiverVest is a St. Louis, Mo.-based venture capital firm that invests in emerging medical technology and biopharmaceutical companies
2 min read · 05 May 2011
What’s the likeliest time to get a promotion at a venture capital firm? About three years after its last fund closed. That’s what I found in my analysis of promotion announcements from U.S. venture capital firms so far this year. The sample set -- drawn from 17 announcements published on PEHub -- shows the largest number of promotions occurred at firms that last closed a fund in 2008. Most others last closed in 2007 or 2009. The timing makes sense, given that most funds of that vintage are nearing the end of their most active investment period, and firms are probably starting to plan their next fund-raising effort. That makes it even more crucial to retain talented people and put in place a partnership that will see the firm through its next investment cycle. Here we take a look at who’s been moving up the ranks this year at firms with 2008-vintage funds. We’ll also look at industry expertise and investment track records among the recently promoted.
3 min read · 25 April 2011
3 min read · 20 April 2011
Menlo Park, Calif.-based venture firm Benchmark Capital has added Thomas Layton as an Entrepreneur-in-Residence. Layton was most recently CEO of Metaweb Technologies, which was later acquired by Google. He also served as chief executive of OpenTable, which was a Benchmark portfolio company.
2 min read · 14 April 2011
