Web 2.0 has gone global.

The Blackstone Group has announced the appointment of Vikrant Sawhney as a managing director in the firm’s private equity group.

Third Rock Ventures has announced the launch of the firm’s first fund, which will invest in life sciences companies at the early stages of formation and has USD378m of committed capital.

UK mid-market private equity firm, Graphite Capital, has backed the GBP22m acquisition by Dominion Gas of a supplier of industrial gases to the offshore industry, Global Gas Supplies.

Barclays Private Equity, which specialises in pan-European mid market buy-outs, has announced the close of its third European mid-market fund.

Standard Life Investments (Private Equity) has been selected by California Public Employees Retirement System to manage a mandate valued at EUR400m euros for its alternative investment man

The Association of Investment Companies has introduced a new classification system for venture capital trusts, creating six new sub-sectors that expand on the current specialist and genera

Fund manager and private equity investor Octopus Private Equity has announced it has backed the acquisition of London restaurant group Smollensky’s.

Cayman Islands law firm Turner & Roulstone has announced the opening of a City of London office in Cornhill from which partner Gavin Lowe, newly recruited from Ogier, will provide lega

CNA Specialty has introduced directors and officers (D&O) plus errors and omissions (E&O) coverage designed specifically to meet the liability insurance needs of private equity and