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Weekly People Roundup: 21 November 2007

21/11/2007Source: AltAssets.  

All the week's most important people stories from across the globe. Essential reading for those who need to keep up-to-date with the private equity industry's key staff moves.

Kohlberg Kravis Roberts & Co. has appointed David Sorkin as general counsel, Robert Gottlieb as chief of human resources officer and Edward Brandman as chief information officer. Sorkin will join KKR in December, after his stint of serving as a partner and member of the executive committee at Simpson Thacher & Bartlett. Gottlieb comes to KKR from Goldman Sachs where he was a managing director. Brandman arrived in August from PricewaterhouseCoopers, where he was a managing director in its advisory services group.

General Atlantic has hired Tracy Bahl as a special advisor to the firm's healthcare sector team. Bahl, who most recently served as CEO of Uniprise, a UnitedHealth Group company, will provide industry insight and strategic counsel to General Atlantic and its portfolio companies. Currently, General Atlantic manages approximately $15bn and invests about $2bn per year in growth opportunities in the US, Europe and Asia.

California venture firm Scale Ventures Partners has hired Karan Mehandru as an associate to its technology team. Mehandru will be responsible for identifying investment opportunities in semiconductors, MEMS, consumer electronics and datacentre infrastructure companies. Mehandru joins Scale Ventures from Synopsys, where he was a sales account manager. Jim Jones, managing director, Scale Venture, said, 'Karan's combination of technical and sales skills will help us continue to target the best companies and help them achieve scale.'

Investment banking firm Cowen Group has hired Julie Levenson to become managing director and head of the firm's private equity group, based out of San Francisco. She brings 20 years in investment banking experience with clients that have included Silicon Graphics, Leap Frog Enterprises, Procom Technology and Aecom Technology.

Edison Venture Fundhas named Sever Totia a principal. He will lead investments in software firms located in Maryland, Virginia and Washington, D.C. Totia joins Edison from Lazard Technology Partners, a $400m venture capital fund, where he was vice president. Totia also co-led LTP's enterprise software investment practice based in their Washington office.

Washington DC-based venture firm Ignition Partners has promoted Richard Fade, Michelle Goldberg and Adrian Smith to partners in its early stage Ignition Venture Partners IV fund, which closed on 1 October on $400m. On that same date the firm also announced the formation of its new Ignition Growth Capital fund, which closed on $275m. Ignition has approximately $1.8bn under management.

US private equity firm Vestar Capital Partners has opened a further office in Europe. The new Munich office adds to the firm's other locations in Continental Europe: Paris and Milan. The four-strong German team, headed by Jens Tonn, will look to develop the firm's business in the German-speaking region. Prior to Vestar, Tonn spent nine years at Candover, where most recently he was managing director with responsibility for the firm's operations in Germany. Before Candover, Tonn was the head of M&A for Germany and Austria at Citicorp. He previously worked in the private equity division of Deutsche Bank in Frankfurt. Joining Tonn in the Munich office will be Daniel Boege, who joins Vestar as a vice president, having previously spent five years at Permira.

Leeds-headquartered buy-out and turnaround firm Endless has appointed two senior advisers, John Kernohan and Richard Gillan, based in the Belfast area. Initially, they will focus their investment activity on Northern Ireland, but they will also look at opportunities in and around Dublin. Kernohan and Gillan met when they worked at PricewaterhouseCoopers. Kernohan later left PwC to join 3i, while Gillan went to Deloitte. Endless has also announced that it is planning to open an office in London in the near future. The firm currently has UK offices in Leeds, Manchester and Birmingham.

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