As Oscar Wilde didn't quite say: to lose one head of a private equity body may be regarded as a misfortune; to lose four in less than six months...well, frankly, that looks more than careless. The latest figurehead to duck out of the buyout industry limelight is Ramon Cerdeiras, the president of Spain’s trade association, who left last week, according to a statement.

Cerdeiras departed from the Spanish Venture Capital Association (ASCRI) for "personal reasons", according to the statement. 3i Group's Maite Ballester will temporarily take the top role at the body, ASCRI said.