Oliver Smiddy

Carol Kennedy, senior partner at Pantheon Ventures, has called time on a 22 year career at the fund of funds manager and will focus on charitable work in her retirement.

More exits, fewer deals and careful portfolio management in the face of macro uncertainty were the main themes conveyed during 3i's recent earnings call.

Former 3i Group managing partner and head of venture capital Jo Taylor has been recruited to lead Ontario Teachers’ direct investment unit in Europe, the Middle East and Africa.

Emerging markets-focused investment group Actis, which remains in negotiations with the UK government over the 40% of the business still owned by state agency DfID, has promoted three of its executives to partner.

Private equity returns from developed markets outside the US continue to outstrip those of emerging markets, according to Cambridge Associates research.

Newly created worldwide funds trade body ICI Global has hired Giles Swan from the UK’s Financial Services Authority to be its director of global funds policy.

The specialist energy-focused firm has joined PAI Partners and Rhone Capital in the auction of French petrol pump company Trokheim, as owner Cognetas seeks to cap a tumultuous year by returning capital to its investors.

UK-listed 3i attempted to placate investors by announcing a substantially increased dividend during its half year results presentation Thursday morning, as it revealed its portfolio had fallen in value by £523m.

Citadel Capital has experienced turmoil this year, and while this week's second quarter results showed a net loss of $4.2m, a rights issue has helped bring the group back onto an even keel.

Citadel Capital has sealed a successful rights issue and is well-positioned to capitalise on opportunities in the MENA region, according to co-founder Hisham El-Khazindar.