25 Jan 2012

Agreement with the Russian VCA


The British Private Equity & Venture Capital Association (BVCA) today signed a Memorandum of Understanding with the Russian Venture Capital Association (RVCA) at a ceremony in London.

The agreement outlines how the two associations can work more closely together in order to strengthen links and exchange knowledge between their respective membership bases. It marks the latest step between the two organisations to facilitate collaboration in the areas of training, events, research and public affairs.

The RVCA, as the national association for private equity and venture capital industry in Russia, has been playing a leading role in promoting and supporting the industry across the country and region. With three decades of experience and success, the BVCA has been widely regarded as an industry leader across a number of markets. Forming a strong tie between the BVCA and RVCA will allow the two organisations to share expertise in different areas and bring long-term benefits to all of our members.

The MoU was signed by Mark Florman, the BVCA's Chief Executive, and Alla Pianova, Chairman of the RVCA and Head of the Moscow Representative Office at Russia Partners. Mr Florman said:

"As a global hub of venture capital and private equity, the BVCA is delighted to be signing this agreement with our Russian partners. This is an important market for British business and is the latest example of how the BVCA is fostering and supporting the international growth of private equity and venture capital. The increasingly global nature of our industry means it is vital that industry associations from across the world strengthen ties and work closely together. As a vital, vibrant element of our global economy and a worldwide foundation for entrepreneurship and innovation, private equity and venture capital have a key role to play in creating the jobs and industries of the future. The BVCA aims to play its part to help our members achieve this wherever possible."

Mrs Pianova said:

"One of the main tasks of the RVCA is to facilitate the transfer of best practices and establish contacts between the Russian venture capital industry and our international peers. I am confident that the signing of this agreement with the British Venture Capital Association (BVCA) - one of the oldest national associations in the world and representing the most powerful venture capital industry in Europe - will serve these purposes. I am deeply convinced that British expertise will expand the understanding, and the opportunities, of direct investment for Russian investors."



Notes to editor
  1. 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.

  2. Founded in 1997, the Russian Venture Capital Association seeks to create a positive political and entrepreneurial environment for investment activities for its 60-strong membership base. It represents its members' interests at all levels of Government and the media, and provides support and information for investment professionals in building a strong and vibrant venture capital market.

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