People Moves

The proliferation of new private securities exchanges could help private equity firms become more institutionalized and function as a first step prior to a public listing, industry players say.

Germany's coalition government is working on a new law on private equity. A number of drafts have been published, but no one seems to be getting excited.

The US FASB appoints David Larsen to its valuation resource group tasked to investigate additional guidance for fair value reporting.

Private fund tax experts were pleasantly surprised last month to see proposed legislation come out of the US Congress designed to encourage fund managers to stay onshore.

This issue of PEI Manager is devoted to terms and conditions, and in particular to those terms and conditions that, like the current debt markets, haven't reached an established level yet.

BVCA head Simon Walker has distanced private equity’s investment strategy and remuneration scheme from investment banks and hedge funds, while speaking at the annual Conservative Party conference. He also stressed the UK’s need for private equity’s vast capital reserves given current market conditions.

The Boston-based venture firm was joined by Greylock Partners, Omidyar Network and SVB Capital in the Series C financing for Digg.

Gregory Case has joined middle market-focused LLR, noting that as Apax moved more firmly into mega-market territory, the smaller tech deals he specialised in 'just weren't large enough anymore'.

Highland Capital Partners has hired technology specialists and former Intel Capital senior executives John Hsin and Kuantai Yeh, just five months after Intel launched its second China fund.

The US firm is targeting $100m for its first Asian fund. Unlike other fund managers with grand expansion plans for Asia, Riverside is staying away from India and China.