Private Equity
Jack Haire has joined Highland Capital Partners as a venture executive focused on digital media, according to VentureWire. Haire is a 28-year veteran of Time Warner, where he most recently served as president of the Time Inc. sales and marketing division. He also was chairman of the Time Warner Advertising Council. www.hcp.com
1 min read · 24 February 2009
Réal Desrochers has resigned as head of alternative investments for the California State Teachers' Retirement System (CalSTRS), according to a source familiar with the situation. CalSTRS is expected to make a formal announcement later today. Desrochers joined CalSTRS in 1998, after having managed a global private equity portfolio for CDP Capital. The system currently has around $17.1 billion in private equity assets under management, which represents a 14.3% exposure (compared to a 9% target). "Réal had been planning his departure for some time but he kept it close to his vest until very recently," says the source, who adds that Desrochers' "contributions to the private equity program at CalSTRS have been immense."
1 min read · 23 February 2009
Yuval Baharav is leaving Sequoia Capital, where he has been a partner in the firm’s Israel office since 2007, peHUB has learned. No word yet on his future plans. Prior to joining Sequoia, Baharav was a general manager of corporate development and strategy at Amdocs. Before that, he worked with the Shlomo Ben-Haim Group, Koor Technlogies Camelot Inc. www.sequoiacap.com
1 min read · 19 February 2009
1 min read · 18 February 2009
Last December, The Carlyle Group shut down its Silicon Valley office and disbanded its West Coast venture and growth equity practice. Now some of the refugees are finding new homes. First up is David Lam, a former Carlyle vice president, has turned up as a partner with WI Harper Group. While with Carlyle, Lam served on the board of Actelis Networks, and as a board observer with Air2Web, eScreen, Ingenio and Panasas (where he once served as director of biz dev). We’re told to expect more of these announcements soon…
1 min read · 13 February 2009
Edison Venture Fund has promoted Chris Sugden to managing partner. He joined the firm in 2002, and currently chairs its investment committee.
2 min read · 12 February 2009
Sigma Partners has promoted Paul Flanagan to managing director. He joined the firm two years ago as an executive-in-residence, and later transitioned into a venture partner role. Before that, he was an executive vice president and CFO of VistaPrint.
2 min read · 12 February 2009
Pradeep Guha has joined Nexus India Capital as a venture advisor. He previously was CEO of Zee Network and, before that, was president of the Times of India Group.
2 min read · 11 February 2009
Black Duck Software, a Waltham, Mass.-based provider of software compliance management solutions, has raised $5 million in fourth-round VC funding. Return backers include General Catalyst Partners, Fidelity Ventures, Flagship Ventures, Focus Ventures, Intel Capital, SAP Ventures and Red Hat. The company also secured $4.5 million in venture debt funding from Gold Hill Capital, and named former Tom Yeaton, former chief marketing officer of EqualLogic, as CEO.
2 min read · 10 February 2009
Some private equity pros might have worried that they'd be scapegoated by the Obama Administration, but so far it seems to be quite the opposite. In fact, some of them are being taken into the fold as confidants. President Obama today signed an executive order establishing an Economic Recovery Advisory Board, which is designed to provide independent advice outside of the Beltway bubble. It's kind of like an economic version of the Foreign Intelligence Advisory Board, which was established by Eisenhower. Among the 15 board members are John Doerr, a venture capitalist with Kleiner Perkins, and Mark Gallogly, a former Blackstone Group pro who now runs private equity firm Centerbridge Capital. Even the limited partner community is (sort of) represented, by Yale chief investment officer David Swensen.
1 min read · 06 February 2009
