British Private Equity and Venture Capital Association

{{Short description|Trade association in the UK}}

{{Infobox organization

| name = British Private Equity and Venture Capital Association

| logo =

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| formation = {{start date and age|1983}}

| status = Industry body

| purpose = Private equity and venture capital trade organisation

| location_city = London

| location_country = United Kingdom

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| membership = 500

| membership_year = 2022

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| funding = Members fees

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| website = {{URL|https://www.bvca.co.uk/}}

}}

The British Private Equity and Venture Capital Association, sometimes known simply as the British Venture Capital Association, or BVCA, is a trade organisation for the private equity and venture capital industry in the United Kingdom.{{Cite news|url=https://www.thetimes.com/article/private-equity-finds-riches-even-beyond-the-land-of-milk-and-honey-zchzz2rxh|title=Private equity finds riches even beyond the land of milk and honey|first=Patrick |last=Hosking |newspaper=The Times }} It was founded in 1983 and has more than 500 member firms, including over 230 private equity and venture capital houses, as well as institutional investors, professional advisers, service providers and international associations as members.{{Cite news |first=Helen |last=Thomas |date=June 14, 2007 |url=https://www.ft.com/content/57f319a3-0d12-3468-a923-0561c8abfec3|title=Are we the only ones feeling sorry for the BVCA? |publisher=Financial Times }} Michael Moore is the director general.{{cite news|title=Finalists for first ever Growth Investor Awards revealed|url=http://www.professionaladviser.com/professional-adviser/news/2418628/finalists-for-first-ever-growth-investor-awards-revealed|accessdate=21 July 2015|publisher=Professional Adviser|date=21 July 2015}} The Chair is elected annually by the members.{{Cite news |url=https://www.privateequityinternational.com/side-letter-northern-trusts-pe-etf-hong-kongs-spac-dreams-new-bvca-chair/|title=Side Letter: Northern Trust's PE ETF; Hong Kong's SPAC dreams; new BVCA chair|publisher=Private Equity International (magazine)|date=April 4, 2022}} The organization lobbies on regulatory, tax and governmental matters that relate to private equity owned businesses in the UK.{{Cite news |first1=Daniel |last1=Thomas |first2=Kaye |last2=Wiggins |url=https://www.ft.com/content/91057524-d8c3-4912-b5df-572f46d7f050|title=Private equity-owned companies win access to UK emergency funds |publisher=Financial Times |date=September 25, 2020}}

It produces reports on, among other topics, the relative rate of return on UK private equity and venture capital funds{{cite news|title=UK private equity outperforms pension funds|url=http://startups.co.uk/uk-private-equity-outperforms-pension-funds/|accessdate=21 July 2015 |publisher=Startups (magazine) |date=24 June 2015}} and organises conferences.

Sandra Robertson, chief executive of the Oxford Endowment Fund, used a BCVA conference in 2012 to criticise private equity funds’ documents for containing “pages and pages of legal jargon”.{{cite news|title=University of Oxford doubles exposure to private equity |url=http://www.ft.com/cms/s/0/c47821e8-2bdd-11e5-acfb-cbd2e1c81cca.html#axzz3gX7FuPWN|accessdate=21 July 2015|publisher=Financial Times |date=19 July 2015}}

In 2021 it hosted a discussion on the industry’s “perception problem”.{{cite news |title=Private equity turns to movie making in effort to repair bruised reputation |url=https://www.penews.com/articles/private-equity-turns-to-movie-making-in-effort-to-repair-bruised-reputation-20211125 |access-date=25 May 2022 |publisher=Private Equity News |date=25 November 2021}}

In 2022 it announced that it planned to develop a practical guide for making climate-related financial disclosures.{{cite news |title=Corporate Law Update 06 May 2022 |url=https://www.lexology.com/library/detail.aspx?g=39c239ad-9168-46b3-a57f-e124d2d9ac32 |access-date=25 May 2022 |publisher=Lexology |date=6 May 2022}}{{Cite web |url=https://www.environmental-finance.com/content/news/bvca-releases-new-responsible-private-equity-guide.html |title=BVCA releases new responsible private equity guide |date=December 11, 2012 |publisher=Environmental Finance }}