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Third-Party Fund Managers

Associate Member
Third-party fund managers are defined as fund-of-funds, secondaries funds and discretionary and non-discretionary fund managers.

Joining the BVCA

The BVCA represents over 100 LP members today, addressing areas including policy and representation, responsible investment, improving performance measurement, benchmarking, reporting, governance, co-investment, and due diligence. The BVCA provides the platform for LPs and GPs to exchange insights on trends and best practice. This work is supported by the BVCA’s LP Committee.

All BVCA membership applicants must be actively involved in private equity and venture capital, be of good standing in the private equity and venture capital community and agree to abide by the BVCA Member Code of Conduct and the BVCA Terms & Conditions.

Third-Party Fund Manager application form

Membership fees

European Funds Under Management* 
12 month fee 
Up to £100m £4,300.00
£100m to £300m £6,500.00
£300m to £500m £9,300.00
£500m to £750m £12,850.00
£750m to £1.25bn £15,700.00
£1.25bn to £2bn £21,400.00
Over £2bn £28,550.00


*Definition of 'Funds under Management'

The total of funds available to fund managers for future European investments (dry powder) plus the amount of funds already invested in Europe (at cost) and not yet divested. It does not include the uncalled capital post investment period.

In the event that you do not invest in Europe but have an investment team in the UK then the funds available to your UK investment team, and invested by the team would apply.
Further information


 +44 (0)20 7492 0400