Private Equity Week Wire for Tuesday 1/8

MENLO PARK, CALIF. And GREENWICH, CONN.The Wall Street Journal is reporting that The Barksdale Group has decided to shut it doors. Founded in 1999, the Menlo Park, Calif.-based firm tried, unsuccessfully, to raise a second fund last year. Former Barksdale Partner Peter Currie will join General Atlantic Partners LLC as a partner. Currie will be based in General Atlantic’s Palo Alto office. Previously, he was the chief financial
officer of both Netscape Communications Corp. and McCaw Cellular
Communications Inc. (currently AT&T Wireless). General Atlantic now has 18 Partners
and more than 130 employees in the U.S., Europe, Asia and Latin America.
The firm also announced today that James L. Barksdale, a co-founder
of The Barksdale Group with Mr. Currie, and formerly the president and chief
executive officer of Netscape, has been named a Special Advisor.
Danny Rimer, who was an analyst at one of the investment banks that took Netscape public, will set up a London office for Index Ventures, a Geneva, Switzerland, venture firm co-founded by his brother Neil Rimer. Quincy Smith, who was director of corporate development and investor relations at Netscape, says he hasn’t decided what he will do next, the Wall Street Journal article said.

HONG KONG — Baring Private Equity Partners Asia, recently nominated as one of the “Firms of the Year 2001” by the Asia Venture Capital Journal, announced today the appointment of Mr. Edward Yang as Operating Partner for their Baring Asia Private Equity Fund II. Mr. Yang will work with the team led by Jean Eric Salata, Managing Partner of BPEP Asia. Mr. Yang is a veteran of the IT Services industry, with 28 years experience, including serving as EDS Corporate Senior Vice President and President of EDS Asia Pacific Operations from 1992 to 2000. Prior to that he served as Senior Vice President and President of Wang Asia Pacific and Latin America Operations.

Mr. Yang