Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Investcorp loses tech investors

December 11, 2013: 12:10 PM ET
Andrew Flett

Andrew Flett

Investcorp Technology Partners slims down.

FORTUNE -- Andrew Flett has left Investcorp Technology Partners after 15 years with the private equity firm, Fortune has learned.

Fellow principals Glenn Luk and Abhishek Sud also appear to have departed, judging by their recent disappearance from the firm's website.

Flett originally joined Investcorp's New York office in 1998, and sat on the boards of portfolio companies FleetMatics (FLTX), Magnum Semiconductor, T3Media and Wells-CTI.  No word yet on his future plans.

Both Luk and Sud also worked out of New York, while most of the remaining Investcorp Technology Partners team operates from London. Luk had joined in 2005 from Deutsche Bank, and worked on such deals as Kentrox, OpSec Security Group, T3Media and Wireless Telecom Group. Sud's came aboard one year later from Morgan Stanley, and sat on  both the FleetMatics and CSIdentity boards.

Investcorp Technology Partners focuses on buyouts of small and mid-sized technology businesses. Its most recent fund closed in early 2008 with $500 million in capital commitments.

An Investcorp spokesman declined to comment.

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.