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Three partners from Oak Investment Partners have held a first close on more than $400 million for a new fund called Oak HC/FT Partners, according to three people with knowledge of the fundraising.

Harvard Management Co. President and Chief Executive Officer Jane Mendillo intends to step down at the end of the year, potentially paving the way for someone friendlier to private equity to take her place.

New York City Comptroller Scott Stringer recently hired Scott Evans, a 27-year veteran of the Teachers Insurance and Annuity of America-College Retirement Equities Fund as chief investment officer at an annual salary of $224,000. While a nice salary relatively speaking (relative to say, a journalist's salary), the compensation is not competitive compared to the private financial sector.

Khosla Ventures is back in the market targeting about $1 billion for its Fund V, according to three limited partners with knowledge of the fundraising.

This week job seekers can consider vacancies at AllianceBernstein, Imprint Capital Advisors, Liberty Mutual, Ohio State University and Providence Health & Services.

Banyan Capital Partners had an especially active first week of June. On June 2, the Canadian private equity firm officially bid adieu to a long-standing portfolio company, Q’Max Solutions. And a day later, it welcomed a new portfolio entrant, Newcrete Investments. Banyan provided funding to the management buyout that launched Newcrete, the former concrete division of St. John's, Newfoundland-based Pennecon.

Apax Partners said on Monday it has boughtGenex Services.

On the jobs board this week there are private equity associate positions at Bessemer Securities and Juggernaut Capital Partners and senior principal and financial analyst positions at state pension funds CPP Investment Board and the Los Angeles County Employees Retirement Association.

Three longtime banks for private equity firm KKR & Co LP have snubbed a request for a $725 million buyout loan over concerns it is too risky to pass muster with U.S. regulators, Reuters reported, citing sources familiar with the situation.

Some general partners have taken a fairly relaxed view of the recent leak of their limited partner agreements—which raises the point that what has been under lock and key for so long in this industry actually doesn’t need to be.