Philip Yea has been selected to succeed Brian Larcombe as CEO of 3i Group PLC, effective July 7. Yea currently serves as a managing director in the private equity arm of Investcorp.

Michael Berman has joined Israel Seed Partners as a venture partner and industry advisor. He currently serves as chairman of ISP portfolio company TopSpin Medical.

Ronnie Jung was named executive director of the Teachers Retirement System of Texas. He was the group?s CFO and deputy director before being named interim chief in September 2003.

Hesham Ali has joined Permal Capital as a senior associate in the firm?s Boston office. He is a recent graduate of The Fuqua School of Business at Duke University.

R. Alastair Short has joined New York-based private equity firm The GlenRock Group as a managing director. He was founder, president and COO of Matrix Global Investments.

Kelly DePonte was promoted to partner with Probitas Partners. He joined the firm three years ago as global head of research and due diligence.

Steve Maxwell joined Kodiak Venture Partners as a recruiting partner. He was president of retained executive search firm The Onstott Group.

The Alternative Investment Management Association has added Polly Smith as membership development manager, promoted Mary Richardson to associate director and promoted Alanda Board to systems manager.

The National Venture Capital Association (NVCA) bestowed the following awards during its annual meeting in San Francisco this month: Peter Crisp of Venrock Associates and Henry McCance of Greylock received the Lifetime Achievement Award; Rodney Goldstein of Frontenac Co. and Roe Stamps of Summit Partners received the NVCA Outstanding Service Award; and William Bowes of U.S. Venture Partners received the American Spirit Award, which honors an NVCA member for leadership in the areas of philanthropy and public service.

The Utah Capital Investment Corp. has formed its board of directors, which will be one of two bodies overseeing the state?s new $100 million fund-of-funds. The five directors are: Will West, president and CEO of Control4; Gary Crittenden, CFO and executive vice president of American Express; Richard Nelson, president and CEO of the Utah Information Technology Association; Frank Trumbower, retired CEO of Cambridge Technology Partners and Geoff Woolley, founder of Dominion Ventures and European Venture Partners.

Thomas Berglund has joined First Atlantic Capital as a managing director. He most recently served as a partner with Jupiter Partners.

Robert Pierce has joined Gladstone Capital Corp. as a managing director, and head of the McLean, Va.-based firm?s new Chicago office. He was senior vice president and team leader on GE Capital?s global sponsor finance group.