17 December 2009
BVCA responds to World Economic Forum Report on Private Equity
Welcoming the World Economic Forum's 2010 Working Paper on Private Equity, Simon Walker said.
"This independent Report demonstrates the strong performance of the private equity industry, particularly in difficult times and refutes many of the criticisms the industry has often had to face. The Report finds that industries where private equity funds have been active in the past five years grew more rapidly than other sectors, whether measured using total production, value added or employment.
It also clearly shows that private equity-backed industries are associated with faster growth; total production of an average private equity industry grows 6.806% per year, which is 15% faster per year than 5.9% per year average of non-private equity industries.
And very importantly, the World Economic Forum has confirmed that private equity-backed industries contribute more to the growth of national economies. Economic value added grows 1.17% per year faster in industries with private equity investment."
For further information please contact:
Emily Hartman, BVCA 0207 420 1805
