BVCA Diversity in Private Equity & Venture Capital Series
The BVCA is committed to improving diversity and inclusion in the private equity and venture capital industry. A core part of our strategy is to work with firms to:
We have put in place a framework to support this strategy that covers:
The BVCA also supports the work of Level 20 and Diversity VC and the targets they have set for the industry.
We have looked at our own governance arrangements to improve the representation of women on the BVCA Council (the board), Committees and Advisory Groups. The Governance section of our website includes the BVCA Governance Handbook (which is due to be refreshed in autumn 2018) and provides detail on our structure and our committees, including their composition.
The members of the Council, Committees and Advisory Groups are drawn from BVCA member firms and work together in their area of expertise to advise us on a voluntary basis. We would encourage women and men from all backgrounds to apply to join these to have a role in the BVCA’s governance and a voice on matters that impact the wider industry.
The BVCA’s Chair for 2019/20 is Cheryl Potter (Permira). Our Nominations Committee meets regularly to consider candidates for the Council and at present, four out of 11 (36%) Council members are women.
The BVCA has signed the Women in Finance Charter. This is a commitment by HM Treasury and 272 signatory firms to work together to build a more balanced and fair financial services industry. As the trade body for the UK venture capital and private equity industry, the BVCA has a leadership role to play in improving gender diversity in the industry and our activities are set out on this page.
Our target is to ensure that the proportion of women or men in the senior executive management team and the Council is at least 30%. Currently, 63% of the senior executive management team and 36% of the Council is female.
The BVCA is keen to support firms considering signing up to the Charter and please contact Gurpreet at email@example.com for more information.
We host regular networking breakfasts and drinks receptions for women, LGBT and minorities throughout the year to exchange thoughts and experiences in a relaxed atmosphere. We also hold our annual Diversity Forum in May to debate the issues in our industry and showcase what firms are doing to improve diversity and inclusion.
For further details, see our range of events focused on diversity. Given the importance of the diversity debate, everyone needs to be part of the conversation, so these events are open to all. Feedback from attendees is captured in this video.
More broadly, we are committed to ensuring there is a high representation of female speakers at all of our events and especially our flagship conferences such as the Summit, High Growth Conference and National Dinner Series. If you are interested in speaking at one of our events, please contact firstname.lastname@example.org.
The BVCA is carrying out and publishing research on diversity that is specific to our industry. In 2018 the BVCA and Level 20 published the first report on the number of women in the private equity industry. The follows the 2017 report with Diversity VC on the number of women in venture capital.
Our research provides a robust and valuable data set that highlights the lack of gender diversity in senior investment roles. The pipeline, however, is promising and we will continue to work with the industry to improve on these results over the coming years.
We are also delighted to join forces with the British Business Bank and Diversity VC to run an industry-wide initiative which will build the first clear picture of the representation of women – and diversity more broadly – in the pipelines of UK venture capital firms, and how this corresponds to the deals that get done. Further information is available here.
The BVCA has a dedicated section on gender diversity in our academic research portal and this issue is on the agenda of our Research Advisory Group. For further information and if you have any suggestions for research, please contact email@example.com.
We need to do more to encourage women and men from all backgrounds to join and stay in the industry and this involves working with private equity and venture capital firms, universities and business schools. The BVCA is: spending time with the HR professionals within firms or those individuals with responsibility for people; promoting the issue to senior industry leaders; raising the profile of our events; and working with Level 20, Diversity VC and the other organisations listed below.
At the 2018 Breaking Barriers Forum we started a public online campaign to improve the perception of careers in the industry. We filmed sessions from the day and interviewed industry professionals for the following promotional videos that are for those individuals thinking about joining the industry.
Please feel free to share this content with your networks, including schools and universities. The BVCA would be delighted to speak at events or nominate people in the industry.
Our HR events are part of our peer networking series and further information is available here.
FOR FURTHER INFORMATION PLEASE CONTACT GURPREET MANKU
+44 (0)20 7492 0400