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People: March 2002
31/03/2002Source: AltAssets.  

Michael Tokarz retires from KKR, Jack Mann returns to Merrill Lynch, and Barclays Private Equity makes ten promotions…

North America

Departures

  • Michael Tokarz has retired from Kohlberg Kravis Roberts & Co after 17 years with the firm. He joined the company in 1985 as an associate and was promoted to general partner in 1993. He will remain on the boards of several portfolio companies.
  • Lazard Frères has lost three managers from its distressed debt fund. Andrew Herenstein, Michael Weinstock and Chris Santana are moving to the Quadrangle Group, a New York-based private equity firm.
  • Chris Rust has left Sequoia Capital to take up a position as CEO and president of one of its portfolio companies, Mahi Networks. The company develops optical transport switch routers and is based in Petaluma, California.
  • The chief administrative officer of JP Morgan Partners, Marcia Bateson, has left the firm. James Hutter, who is also the firm's chief financial officer, will replace her.
  • Charles W Tate has decided to retire from Hicks Muse Tate & Furst as of 30 June 2002. The company will continue to operate under its current name and Tate will remain on the boards of four of its portfolio companies.
  • Nextlevel Venture Partners, a New York-based private equity firm, announced the resignations of Albert Coffrin and David Epstein after only two months with the firm. Their departure comes about as a result of the firm's difficulty in raising a fund.
  • Greg Waldorf, Warren Weiss, Jonathan Guerster and Joe Tibbetts have left Charles River Ventures, a Boston-based early-stage venture capital firm.
  • Blueprint Ventures has revealed that it is losing three partners. Cynthia Ringo, Ann Zeichner and Brian Kinard are leaving after the firm decided to close its fund with less than half of its $150m target raised.

Appointments

  • Frank Zarb, the former chairman of Nasdaq, has joined San Francisco-based Hellman & Friedman as managing director and senior advisor.
  • ThinkEquity Partners, based in Minneapolis, has announced that Theodore Theophilos and Richard Rinkoff are to join the firm as chief operating officer and director of research respectively.
  • Harry Holliday has been appointed as partner and chief operating officer at Thompson Street Capital Partners in Chicago. He is the third partner to join and will have no particular area focus.
  • Walden International has hired its first entrepreneur in residence in the form of Norman Chen, former chief executive officer of AsiaMD. Chen will be based in Hong Kong.
  • Jack Mann has returned to Merrill Lynch after a brief time with The Carlyle Group. Mann, managing director of the Carlyle's collaterised debt obligation arm, is rejoining Merill Lynch as global head of leveraged finance, having originally been with the firm between 1986 and 1998.
  • St Paul Venture Capital, a Minneapolis-based early stage venture capital firm, has named Steve Larsen venture partner. He joins the firm from one of its portfolio companies, Visage Mobile, where he was acting vice president of business development.
  • Andre Turenne has been appointed as managing director of NeoCarta Ventures, a Californian venture capital firm that focuses on early-stage internet and communications companies.
  • The former chairman, president and CEO of Aurora Biosciences, Stuart Collinson, has been named as a new partner with Forward Ventures. Prior to Aurora, Collinson was CEO of Andaris Limited.
  • Sprout Group, a venture capital firm based in New York, has promoted Ron Hunt from director to partner and will focus on healthcare-related industries. He joined the company in 1998 as an associate, having held several sales and marketing positions with companies such as Johnson & Johnson and SmithKline Beecham. The firm has also promoted Wayne Nemeth to partner. Nemeth was previously with Booz Allen & Hamilton and Bachow & Associates.
  • Dan Gerrity has joined Staenberg Venture Partners, a Seattle-based technology venture firm. Gerrity was previously the founding chief technical officer at Coinstar.
  • Advanced Technology Ventures has appointed Robert Hower as the eighth partner of the firm. He previously worked for BancBoston Ventures where he was responsible for investing in telecommunications infrastructure and software companies.
  • Brian Crosby has been appointed a senior associate at New York-based Sports Capital Partners, which invests in sports, leisure and lifestyle-related businesses. He joins from Wright Venture Partners where he was founder and partner.
  • Mohr Davidow Ventures has announced the arrival of Don Jaworski to the firm as an entrepreneur-in-residence. He will participate in due diligence activities and will give feedback on possible future investments. He joins Mohr Davidow from CacheFlow where he was senior vice president of product development.
  • Daniel Leff has been hired as a senior associate at Sevin Rosen Funds and will specialise in nanotechnology, fuel cells and life sciences. Prior to this appointment Leff worked for Redpoint Ventures and Intel Corp.
  • Jacques Callaghan, formerly of Merrill Lynch, has been appointed to Hawkpoint, a corporate advisory firm in New York, in a bid to boost its private equity business.
  • Connecticut Innovations, an investment organisation focused on technology ventures within the state, has appointed David A Chudzik as an investment associate. Prior to this role he was a business development associate at LifeSpan BioSciences.
  • Jonathan Foster, an ex-senior managing director of Bear, Stearns & Co, has joined The Cypress Group, a New York-based private equity firm. He joins as a managing director and a member of the investment committee.
  • Blue Capital, which has offices in both New York and Los Angeles, announced that it has recruited Peter Dolle as a managing director. He joins the firm from Dubilier & Co where he served as a principal.
  • Errol Antzis has joined VS&A Communications Partners as managing director and principal. He will help to source and structure new fund investments, add-on investments, and transactions involving portfolio companies.
  • Paul Sestili has been promoted to principal at APV Technology Partners in Palo Alto, California. Prior to joining APV, Sestili worked at Chevron Technology Ventures.
  • WaldenVC has announced that Follett Carter will be joining the San Francisco-based firm as a venture partner. Carter previously worked for the Gartner Group and served on the boards of several of WaldenVC's portfolio companies.
  • Robert Barrett has joined Financial Technology Ventures as a partner. In 1983 Barrett co-founded Battery Ventures and in 2000 he moved to Veracity Capital Partners, a firm that has subsequently dissolved.
  • The Riverside Company has hired Robert B Landis in an attempt to reinvent its deal sourcing activities. He will assume the role of principal and will focus on sourcing and origination.
  • Richard J Dumler has been named as partner at Milestone Venture Partners, an early-stage venture capital firm based in New York. He joins from Lambda Funds where he was also a partner.
  • US-based Ignition Partners, the technology-focused venture capital firm, has announced that Bill Malloy is joining the firm as a partner. Malloy brings over 20 years experience of technology and marketing experience, including 11 years working as an executive for McCaw Cellular/AT&T Wireless. More recently, he served as the chief executive of two start-ups, WorldStream communications and Chicago-based Peapod.
  • Capital Z Investment Partners has made two appointments. Mark Hanley will join the New York office as a managing director while Vincent Fan will head up the Hong Kong office.


Europe

Departures

  • Tim Rea, a principal at Softbank Europe Ventures, has left the firm to take up a position with the corporate strategy division of NEC Europe. This follows the resignation of James Stuart earlier in the month. Softbank Ventures recently closed two offices and returned $200m to its investors.

Appointments

  • The Carlyle Group, the global private equity firm, has appointed a new managing director for its European venture capital fund, Carlyle Europe Venture Partners (CEVP), to increase the firm's visibility in Germany and other European countries. Wolfgang Hanrieder, a former managing partner of Munich-based Star Ventures Management, will make new investments in the communications technology and material sciences areas, joining managing director Jacques Garaialde as co-head of CEVP. Chris Hodges has also been appointed as senior associate to concentrate on materials science investments having previously been with 3i.
  • Andreas Diem has been appointed as partner with Shearman & Sterling in Munich. He was formerly a partner at law firm Gleiss Lutz Hootz Hirsch where he helped to launch the Shanghai office.
  • Inflexion, the private equity investment manager, has appointed a leisure specialist to its advisory panel. Andrew Burns will join the firm from Luminar Leisure where he held the position of finance director.
  • Spencer Hyman has joined Copan, the Seattle-based venture capital firm, and will assume the responsibility of director of its new London office. He will be responsible for providing guidance, strategic planning and support to the firm's portfolio companies. Prior to joining Copan, Hyman was a retail director at Amazon.co.uk.
  • Kohlberg Kravis Roberts & Co has made two senior appointments. Axel Eckhardt will head its management consultancy arm, Capstone Europe, having previously worked for McKinsey & Co. Reinhard Gorenflos will join the London office of KKR .
  • Anthony Maher and Jeanne Bayless have been appointed as senior partner and managing partner respectively at Star Ventures, a Munich-based venture capital firm. Maher and Bayless will help to launch the firm's first US office in Dallas.
  • The French office of Apax partners has announced that Stephanie d'Auvigny will join the company as communications director. She was previously in the communications division at US information technology company Electronic Data Systems Corporation.
  • Cazenove Private Equity has recruited Simon Cook as an investment director. He was previously with Elderstreet and has also worked for 3i.
  • Avrom Gilbert has been promoted to principal at Jerusalem Global Ventures having joined the company as an associate in 2000. He was formerly an analyst with UBS Warburg.
  • Barclays Private Equity has made several promotions. The following have all been promoted from investment director to director: Simon Henderson, Jean-Bernard Meurisse, Steven Silvester, Mark Taylor and Anton Wellenreiter. There were also five promotions from manager to investment director: Nathan Elstub, Stanislas Gaillard, Rob Myers, Arnaud Thomas and Jan Wiechmann.
  • Liz Jones has been named as the latest addition to Isis Capital's team and joins the firm as an assistant director from Barclays Ventures. Her new role will cover all of Isis' five main areas but will focus predominantly on healthcare.
  • The Dutch firm Gilde IT Fund has appointed Alexander Lewald as director and partner. He has previously worked for Kappa IT Ventures and McKinsey & Co.
  • Lloyds TSB Development Capital has promoted Jonathan Simm to head the firm's South West region. Simm focuses on the leisure, consumer products, travel, engineering, transport and manufacturing industries.
  • Daniel Smith has joined Royal Bank Development Capital, the smaller deals unit of Royal Bank of Scotland. He has been with the bank for eight years, most recently in the leveraged finance division.
  • Venture capital fund manager Prelude Technology Investments has appointed Russell Hagger as an investment manager in its Cambridge office. Prior to this he was director of product strategy at Element 14, a chipset developer.
  • John Maples, MP for Stratford-upon-Avon, UK, has been appointed as a non-executive director of NewMedia SPARK, replacing Per Lundberg on the board. Maples' roles have included Treasury minister, deputy chairman of the Conservative party and shadow foreign secretary.
  • James Bryce has joined Royal Bank Private Equity as an investment manager from Telegraph Hill, a spin-off of the venture capital team following the merger of JP Morgan Chase in 2000.
  • Munich-based Techno Venture Management has recruited three partners. Hubert Birner joins the life sciences team in Munich, Rodney Altman joins the firm in San Francisco and Mark Cipriano takes up a role in the corporate finance department in Boston.
  • Vertex Management Israel has named Moshe Shahaf as managing partner. Shahaf previously served as partner at Formula Ventures and has also served as vice president and chief technology officer at the DSP Group.
  • Alex Insam has been appointed as head of the investment team at the German office of Legal & General Ventures. He has worked for the firm for five years and was promoted to director in 2000.
  • Primary Capital, a UK mid-market investor, has recruited Peter Jacobs as a director. Jacobs joins from PricewaterhouseCoopers where he was leader of the Thames Valley private equity and telecoms, media and technology teams.

Australasia

  • Australian venture capital firm Technology Venture Partners has named Michael Zimmerman as principal. Zimmerman was previously with Altos Ventures in Menlo Park, California, where he focused on investments in the application and infrastructure software sectors.

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