General Partner members are active in making long-term equity investments primarily in unquoted companies and are funded by institutions (such as pension funds and insurance companies), their parent companies (such as banks) or both.
Professional associates include advisory firms that have experience in dealing with both private equity companies and those seeking private equity.
Limited Partner associates include companies that invest directly into private equity funds, gatekeepers who manage funds of funds and provide advice on investing in private equity, and secondary purchasers who buy existing shares in a company from other private equity practitioners.
Academic associates are educational or research organisations that have an active involvement with the private equity industry.
Financial associates include companies that invest in private equity, but for whom this is not their principal activity. These companies generally provide mezzanine, intermediate, structured, acquisition and specialised finance.
|European Funds Under Management||Membership Fee|
|Up to £10m||£1,100|
|£10m + - £25m||£2,200|
|£25m + - £35m||£3,300|
|£35m + - £50m||£4,400|
|£50m + - £75m||£5,500|
|£75m + - £100m||£6,600|
|£100m+ - £200m||£7,700|
|£200m+ - £300m||£11,700|
|£300m+ - £400m||£16,000|
|£400m+ - £500m||£20,500|
|£500m + - £625m||£25,000|
|£625m+ - £750m||£30,000|
|£750m+ - £875m||£35,000|
|£875m+ - £1bn||£40,000|
Walker compliant firms
|Number of portfolio companies||Fee|
|2 or more companies||As above plus £3,000 per additional company|
Definition of 'Funds Under Management'
The BVCA's view is that for private equity and venture capital firms 'Funds Under Management' should be calculated by reference to the total value of investor commitments plus any undrawn committed capital (capital would include both capital and loans). It includes capital drawn down to be used for management fees/costs. It does not include capital contributed by the firm and amounts which were drawn-down and subsequently returned to investors.
|FUM/Debt Arranged||Number of partners/executive directors*||Membership Fee|
|Up to £100m||1 or 2||£3,000|
|£100m+ - £300m||3 to 10||£4,500|
|£300m+ - £500m||11 to 30||£6,500|
|£500m+ - £750m||31 to 50||£9,000|
|£750m+ - £1bn||51 to 100||£11,750|
|*Within your company in Europe|
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