UK Private Capital is the new name for the BVCA | Michael Moore on the rationale behind the change

Описание: Following approval by members at our Annual General Meeting, the British Private Equity & Venture Capital Association has adopted a new name: UK Private Capital.

This is a deliberate and considered change. It reflects how both the industry we represent and the association itself have evolved, and it provides a clearer platform from which to engage with policymakers, investors, the media and other stakeholders.

The BVCA’s current name dates from a period when the association’s remit, membership and external profile were far narrower than they are today. Over the past decade, the private capital industry has grown in scale, breadth and visibility. Our members now span private equity, venture capital and private credit, backing companies at every stage of growth across the UK economy.

We represent 600 member firms supporting nearly 13,000 UK companies who employ over 2.5 million jobs and generate 7% of total GDP. As that footprint has expanded, the limitations of our existing name have become more apparent. Increasingly, it requires explanation – particularly with policymakers, regulators, investors and the media – and does not always reflect the full breadth of our membership or activity.

UK Private Capital is a clear, modern and intuitive description of the industry we represent. It aligns with the language the market already uses, removes unnecessary ambiguity, and provides a stronger platform from which to engage in public policy, research and political debate on behalf of our members.

This is not a change in direction, nor an expansion of our remit. We will continue to represent private equity, venture capital and private credit, just as we do today.

Find out more on the UK Private Capital website: www.ukprivatecapital.co.uk.