The British Private Equity & Venture Capital Association (BVCA) today announces the creation of the LP Advisory Board (LPAB), a nine-strong body charged with enhancing relationships and levels of understanding between investment firms (General Partners or "GPs") and their investors (Limited Partners or "LPs") in the private equity and venture capital industry.
The LPAB will work to identify common interests between members of the wider investment community, and to find effective methods by which to combine interests of diverse parties within that community. It will look to establish an effective feedback loop between the LP and GP communities, and to advise the BVCA on its strategies and approaches to engage with institutional investors and other relevant parties of the private equity and venture capital industry.
Chaired by Robert Coke, head of absolute return and buyout at the Wellcome Trust, the board comprises:
Robert Coke said: "LPs currently find themselves more involved than usual in helping the industry resolve issues. This initiative is welcome recognition by the BVCA of the importance of the views of the LPs, the capital providers for the industry."
David Williams, chairman of the BVCA's Investor Relations Committee, said: "The creation of the LP Advisory Board adds a crucial voice to the BVCA, that of the investor. Its establishment demonstrates the continued commitment of the BVCA to strengthening the lines of communication between investors and private equity and venture capital fund managers."
FOR FURTHER INFORMATION PLEASE CONTACT
Tom Allchorne, BVCA: +44 (0)20 7420 1807
Notes to editors:
The British Private Equity and Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 450 member firms, representing the overwhelming number of UK-based private equity and venture capital firms and their advisers.
