Chris Witkowsky

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 […]

Insight Venture Partners is targeting $6 billion for its next fundraising, which will include its 10th fund, according to two people with knowledge of the firm. It’s not clear whether the $6 billion total target also includes a co-investment fund. Jeffrey Horing, co-founder and managing director of Insight VP, did not return a request for […]

Oak HC/FT, a spin-out from Oak Investment Partners, is targeting $500 million for its second fund. The self-described venture growth specialist also set a $600 million hard cap on Fund II, according to two people with knowledge of the firm. Fund II will “likely [be] a fast fundraise. Fund I is young but is looking strong,” said one […]

Talk to any limited partner and one of the major concerns about GP relationships you will hear is team stability. There’s nothing like a major departure from a private equity firm to keep LPs up at night. As it turns out, turnover may be good for firms, as a way to flush out underperformers and […]