Elizabeth Wu

Panellists at the US Securities and Exchange Commission Compliance Outreach Program flagged third party vendors as a crack in any firms’ cyber security shield.

The Chicago-based firm has hired Brijesh Jeevarathnam as partner and co-head of global venture fund investments.

The Chicago-based private equity firm’s predecessor fund closed on $915m seven years ago, short of its $1bn target.

The firm has told investors and clients that it is reviewing its practices and that no clients participated in the former employee’s unauthorised transactions.

Despite a drop, the median private equity benchmark outperformed public market returns in the third quarter of 2015 according to PEGCC research.

With the promotions, the Washington DC-based private equity firm is grooming the next generation of partners, according to Halifax co-founder David Dupree.

There was a 65% drop in IPOs in Q1 backed by venture capital funds, but biotech companies were well represented.

The California-based venture capital firm, which specialises in mid-market enterprise IT service companies, is targeting $33m for its second vehicle, and recently recruited a new CFO.