People Moves

The European Union-focused infrastructure fund is expected to hold a second close early next year. DIF’s first infrastructure fund, DIF PPP, is now almost fully invested and its renewable energy fund is expected to be fully invested by the first quarter of 2009.

When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.

Boston-based asset manager HarbourVest listed its first public vehicle, HarbourVest Global Private Equity Limited (HVPE), on Euronext Amsterdam in December 2007. This September, the firm appointed Steve Belgrad of Affiliated Managers Group as HVPE's chief financial officer. Jennifer Harris spoke with Steve about the challenges of running a listed vehicle in today's turbulent markets.

Non-US investors need to tread carefully when investing in US infrastructure assets. By Jay Fortin and Timothy Pfister, Patton Boggs

The Securities and Exchange Commission has granted relief for private company options. Jonathan Lewis and Elizabeth Pagel Serebransky, Debevoise & Plimpton

Many GPs are finding it necessary to go on longer road shows in the current market, but they should be careful in seeking extensions from LPs

After the tech bubble burst in 2000, venture funds shrank dramatically, and so did their management companies. Buyout firms may now have to take a page out of the VC playbook as many follow-on funds shrink in size. One move - reducing the partner roster

Ashurst has promoted its private equity head to senior partner.

From its base in San Francisco, Genstar Capital has gradually expanded its 'verticals' and stable of operating experts while keeping a tight cap on fund size (and negotiating a 25 percent carry).

Energy Investors Fund is building its team amid recent growth in its assets under management