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Partech asks LPs for help.(VC)

Private Equity Week

| May 19, 2008 | COPYRIGHT 2003 Thomson Financial Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

San Fransico-based Partech International recently asked its limited partners to help arbitrate a spat amongst the general partners.

The firm, which also has offices in France and Israel, recently closed its fifth international fund with $300 million in commitments. Details of the dispute are unclear, but a source familiar with the situation says that it has more to do with personalities than investment strategy. Vincent Worms, Partech's co-founder and managing partner, acknowledged the situation in an interview last week.

When the general partners were unable to reconcile their differences, they asked for their LP advisory board to arbitrate. The advisory…

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