The issue of getting more UK pensions fund investment into private capital is one the BVCA has long championed. However, it has become something of a hot topic in recent years, with both the last and the current Government increasingly seeing that it's a conundrum that, if resolved, provides solutions to two challenges keeping them up at night: the lack of UK growth and a pending retirement crisis.

This final report sets out the recommendations and key findings of the Pensions and Private Capital Expert Panel.This work builds on the Expert Panel’s interim report, published in September 2024. As highlighted in that report, the UK’s world-leading private capital fund industry offers a huge opportunity for UK DC pension savers to benefit from greater investment in the country’s innovative growth companies.

Leaders from the pensions and private capital industries have issued new recommendations on how to facilitate UK DC pensions to invest in private capital, and how the Government can support this aim – boosting investment in fast growing British businesses and helping UK pension savers access potentially higher returns. 

Meghan Stevenson-Krausz, Co-CEO of Diversity VC shares her reflections on the newly published BVCA/Level 20 Diversity Report and gives her outlook on diversity from a VC perspective and takes a wider look at diversity initiatives that are needed to charter the path forward.

In this special Annual Review Voicenote podcast, BVCA Chief Executive, Michael Moore, is joined by Sarah Adams, BVCA Co-Director of Policy and Matthew Sabben-Clare, BVCA Chair and Senior Adviser at Cinven, to reflect on the past year and look ahead to the challenges and opportunities that are still to come in 2025.

The BVCA's latest Annual Review highlights the wide-ranging issues the association has addressed on behalf of the industry over the past 12 months, as well as detailing how the BVCA has supported the development of the industry through events, training and other activities.

Suzi Gillespie, the BVCA’s Head of Research provides her perspective on the latest analysis published about the industry’s performance and reflects on what will impact private market conditions in 2025.

The BVCA’s recent Diversity, Equity and Inclusion (DEI) series of panel discussions focussed on how network-building, mentorship and risk-taking can accelerate women’s careers. Sustainability Executive, Breeze Haywood, reflects on the event’s discussion and the need for active engagement with diverse talent pools to drive innovation and address underrepresentation in the industry. 

Increasing impact-led investment is vitally important to helping the Government achieve its missions of boosting economic growth, building an NHS fit for the future and making Britain a clean energy superpower, a new report has revealed.

This report is co-written by partners including the Impact Investing Institute, the British Private Equity and Venture Capital Association (BVCA), ImpactVC and Better Society Capital.

Born out of the UK Government’s ‘Women-Led High-Growth Enterprise Taskforce’, which published its recommendations in its final report on 28th February 2024, the award aims to inspire the next generation of female entrepreneurs by celebrating the success of leaders from high growth businesses backed by private equity and venture capital.

The BVCA, in partnership with Level 20, recently released a report, Diversity in UK Private Equity and Venture Capital 2025, which shows an increase in the proportion of women working within the industry over recent years - but there is still more work to be done.

The British economy would earn a £100 billion boost by the end of this Parliament if businesses across the country achieved productivity growth comparable to private capital-backed firms, according to new analysis carried out by Public First for the British Private Equity & Venture Capital Association (BVCA).

This report marks the fourth edition of Level 20 and the BVCA’s analysis of gender and ethnicity representation across the UK private equity and venture capital industry.

A new report has found that the proportion of women working in private equity and venture capital has significantly increased over recent years. Diversity in UK Private Equity and Venture Capital 2025 finds that 27% of UK-based investment professionals are women, up from 24% in 2023. The report, which is co-authored by Level 20 and the British Private Equity and Venture Capital Association (BVCA), also reveals an increase in the number of women in UK senior level roles (15%), compared to just 12% in 2023. 

The BVCA has revised its standardised documents for early stage venture capital investments, replacing the versions launched in February 2023. The updates in the new February 2025 versions are less material than the updates published in February 2023. Marriott Harrison LLP, who are part of the BVCA’s working group that have been revising the documents, have produced the following summary of key changes:

Every February, the BVCA brings a delegation of leading UK private capital firms to meet institutional investors in three key cities (this year Toronto, Boston and New York) in North America to highlight the opportunities that exist across exciting investment strategies and sectors including fintech, life sciences, deep tech, business services and defence.

Private capital in 2025 is at a fascinating juncture. On the one hand, we see kind of normal cyclic ebb-and-flow dynamics that have characterised the industry from at least the 1950s. On the other hand, some ongoing changes seem to presage a more profound evolution of the sector.

This year, the BVCA’s Industry Development team attended IPEM in Cannes to connect with members and non-members from across the private capital industry, share insights, further understand industry trends, and represent the industry.