People in the news, July 2, 2007

Kwan leaves Yahoo for Oak

Allan Kwan has joined Oak Investment Partners as a venture partner focused on the telecom space. He spent the past six years with Yahoo, including his most recent stint as president of Yahoo International, following its $1 billion investment in Alibaba.com.

Schwartz leaves GS

Eric Schwartz

will step down as co-head of asset management at Goldman Sachs after 23 years with the firm. Schwartz, 44, will become a senior director at the New York- based firm, according to an internal memo. Fellow co-head Peter Kraus will remain in his position.

No reason was given for the move. Schwartz, who helped run equities before joining the investment unit in 2003, is the third management committee member to leave in the year since Lloyd Blankfein was named chairman and CEO. Suzanne Nora Johnson, a vice chairman and the firm’s highest-ranking woman, and Scott Kapnick, an investment banking co-head, have also left.

Scale adds Denten

Mary Denten has joined Scale Venture Partners as CFO. She previously was CFO with Global Catalyst Partners. Scale, f.k.a. BA Venture Partners, raised $400 million for its latest fund in 2005.

Fidelity promotes Cheng

Fidelity Ventures

has promoted Larry Cheng from principal to partner. He joined the firm in 2005, after having been a senior associate with Battery Ventures.

Homler joins AIG

Stewart Homler

has joined AIG Global Investment Group as managing director of alternative investments in Japan. He will be based in Tokyo, and previously was head of the Asia-Pacific private equity group at Deutsche Asset Management.

New England Pension adds consultant

Joseph O’Byrne

has joined New England Pension Consultants as a private equity consultant. He previously was with Meketa Investment Group, as an associate principal focused on the private markets. Before that, he was a senior investment analyst with the $2.5 billion Houston Police Officers Pension System.