Stone joins Epic Ventures
, a former senior executive with Novell, has joined Salt Lake City-based Epic Ventures as a managing director. While at Novell, Stone helped create the software standard COBRA and was also involved in software-as-a-service development and high performance computing. In addition, he helped to create the Novell Venture Fund in 1998 with former CEO Eric Schmidt.
Epic Ventures is currently investing from Epic Venture Fund IV, a $55 million early stage tech fund raised in 2008. The firm, f.k.a. Wasatch Venture Fund, was founded by Zions Bank in 1994 and is part of the DFJ Global Network.
In other Epic news, Todd Stevens, a 16-year veteran of the firm, will transition from a managing director to a venture partner role. —Alastair Goldfisher
Zhu quits CVC to lead Standard Chartered
, a senior managing director of CVC Capital Partners, has resigned from the private equity firm to join Asia-focused Standard Chartered Private Equity, according to sources familiar with the situation.
Zhu joined CVC’s Beijing office in July 2008. He previously was with Gao Hua Securities, a China investment banking joint venture of Goldman Sachs.
In April, Reuters reported that Chen Fan, a top China dealmaker for Standard Chartered Private Equity, had left the firm after clinching a series of property deals in China in the past few years, which took big paper losses in the financial crisis as global property prices fell sharply.
CVC, founded in 1981 and based in Luxembourg, is also suffering from some of its expensive investments in Asia.
“Zhu Wei is Chen Fan’s replacement and the appointment shows that Standard Chartered is still keen to make private equity deals in the China market,” said one of the sources.
No immediate replacement for Zhu’s position at CVC was made. —George Chen, Reuters
Palamon hires Wilson
has joined Palamon Capital Partners, a European mid-market private equity firm, as a vice president. Wilson was previously a director of Candover’s London-based office.
GA boosts staff
General Atlantic, a growth equity firm based in Greenwich, Conn., promoted Adrianna Ma to managing director and Jing Hong to principal. Ma is based in New York and leads GA’s global energy and resources sector. Hong is a senior professional in the firm’s Beijing office and focuses on investments in China.
Awasthi greets Tata
has joined Tata Capital as managing partner of its new private equity fund. He previously was a partner with Baring Private Equity Partners India.
Bradley heads over to DN Capital
has joined London-based venture firm DN Capital as a principal, with a focus on software and digital media opportunities. He previously was a founding partner with DFJ Esprit.
Intersouth promotes two
Intersouth Partners has promoted Katrin Burt and Jimmy Rosen each to partner. Burt joined Intersouth as an associate in 2007 and has worked with IT portfolio companies HexaTech, Bright Hub and Ziptronix. Rosen also joined in 2007 and has worked with life sciences portfolio companies ABT Molecular Imaging, Cempra Pharmaceuticals and Viamet Pharmaceuticals.
Mackie joins Noro-Moseley
has joined venture firm Noro-Moseley Partners as a venture partner. He is the former president and CEO of Insource Contract Services, which was sold to Colville Capitallast year.
Pantheon names Costa as principal
has joined Pantheon Ventures as a New York-based principal focused on client services. He previously was with placement agent Benedetto Gartland & Co.