Home Authors Posts by Chris Witkowsky

Chris Witkowsky

It’s a common refrain when asking about sexual harassment in private equity that change needs to come from limited partners. The people controlling the money can put maximum pressure on managers to change their cultures, address sexual harassment and make sure these types of issues get some focus through the ranks. The unfortunate fact is […]
Technology Crossover Ventures, which has invested in major tech companies including Netflix and LinkedIn, is preparing to raise its next flagship fund later this year, possibly in the third quarter, according to three people with knowledge of the firm. No official target has been set, but one person with knowledge of the firm said TCV could try and raise as […]
Mike Bego, who founded Kline Hill Partners in 2015, said fundraising never really ends, especially for a first-time fund manager. Bego, a former partner at Willowridge Partners, closed his debut fund on $180 million in 2016 and got down to investing. But it doesn’t take too long to start thinking about the second fund. “You always need to […]
Raine Group has been on a brisk growth trajectory, raising increasingly larger funds to target investments in technology, media and telecom companies. The New York firm, formed in 2009 by executives from UBS and Goldman Sachs, is in market with its third private equity fund, targeting $1 billion, according to a person with knowledge of the process. Raine Partners […]
Sequoia Capital, one of the most sought-after venture firms in the market, set its ambitions high by targeting between $6 billion and $8 billion for a global growth mega-fund. But to achieve its lofty goals, it will have to work with a section of the limited partner community it has shunned for many years: public […]
Real Desrochers, former private equity chief at California Public Employees’ Retirement System, joined CITIC Private Equity Funds Management Co as a managing director, according to sources. Desrochers updated his LinkedIn profile recently to indicate he started in the new role in April. It’s not clear exactly what Desrochers will focus on or whether he is relocating […]
Michele Cucullu, director of private equity at the University of California, has left the system, according to a person with knowledge of the situation. The person said Cucullu is joining Bayshore Global Management, the family office of Google Co-Founder Sergey Brin. That could not be confirmed. Cucullu is no longer listed on the staff chart on the UC Regents website. […]
Sam Green, a veteran private equity investment officer with Oregon State Treasury, is leaving at the end of June, a spokesman confirmed for VCJ. Green resigned as of June 30, James Sinks, the spokesman, said. The system will appoint a successor but hasn’t yet begun the search, he said. Green declined comment on his plans. He […]
Jonathan Silverstein, partner at healthcare investor OrbiMed Advisors, has been diagnosed with a rare form of Parkinson’s disease, but will continue full-time in his role as global co-head of private equity at the firm, he said in a letter to limited partners on April 12. Silverstein, who declined to comment, also disclosed his illness on a […]
The Institutional Limited Partners Association wants to make sure fund managers are transparent with investors about their use of capital call credit lines and, in particular, about the impact that the loans have on IRRs and investment multiples. The Washington-based trade group for limited partners is crafting guidance on best practices in the use of […]

Copyright PEI Media

Not for publication, email or dissemination