Dick Kramlich, co-founder and general partner of New Enterprise Associates, has been elected to the board of Silicon Valley Bancshares. Kramlich has been a member of the bankís advisory board since 2003.
Vincenzo Morelli has joined Texas Pacific Group as a partner in charge of operations for the firmís European portfolio companies, effective March 1. He most recently served as a managing director with turnaround and interim management firm Alvarez & Marsal.
Adam Blumenthal has left his position as first deputy comptroller and CFO of New York City, to form a private equity firm. Blumenthal joined NYC in June 2002 after serving as vice chairman of American Capital Strategies, and was credited with expanding the cityís Bureau of Asset Management, including a doubling of the cityís private equity investments.
Oleg Kaganovich, a onetime venture capitalist with Sun Microsystemsí corporate VC group, has been named CEO of the Sacramento Area Regional Technology Alliance. He has served as the groupís COO over the past year.
William Clark has been recommended to be director of New Jerseyís Division of Investment, where he currently serves as deputy director. If confirmed, he would replace Peter Langerman, who announced his resignation in January. The system manages approximately $70 billion in public employee pension assets, and last year agreed to begin participating in the private equity asset class.
Tom Rioran has joined Bessemer Venture Partners as an entrepreneur-in-residence in the firmís Menlo Park, Calif. office. He most recently served as co-founder and CEO of Bessemer-backed semiconductor company Quantum Effect Devices Inc., which was acquired in 2003.
Tom Bartlam, founder and managing director of UK-based mezzanine lender Intermediate Capital Group, has announced his retirement, effective this April. He will remain on the ICG board as a non-executive director.