Garnett To London

Terry Garnett, half of tech “venture buyout” firm Garnett & Helfrich Capital, is planning to move (at least for a while) from Silicon Valley to < ?xml:namespace prefix = u1 />London. The move has surprised limited partners, but it is not expected to put too much of a crimp in the San Mateo, Calif.-based firm’s plans to raise around $750 million for its second fund. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

It also is one of the rare times when “family considerations” actually seems to be the legitimate driving force, even though G&H certainly will benefit from having someone on the ground in < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Europe.

A G&H spokeswoman declined to confirm Garnett’s decision, but did say: “As evidenced by our recent announcement of expanding into India, we are committed to looking for international expansion opportunities that would provide a good platform for investment and growth, and we continue to find compelling venture buyout opportunities outside of the U.S.” It is unclear if G&H plans to add an additional Silicon Valley partner…