The British Private Equity & Venture Capital Association (BVCA) will be renamed UK Private Capital to reflect changes in the market.?
Private equity and venture capital backs 13,000?companies across?the?UK generating 7% of total GDP.
The organisation represents 600 firms and the new name reflects all parts of the private capital community: private equity, venture capital and private credit.
Michael Moore, chief executive of the BVCA, said:? “The?private capital?industry has changed significantly since the BVCA was founded more than 40 years ago.
“Our members now?operate?across a broad private capital landscape, backing growth,?innovation?and jobs across the UK.?Adopting the name UK Private Capital?gives us a clearer platform from which to set out who we?represent?and to engage more effectively.
“Currently almost 13,000 companies, employing more than 2.5 million people, are backed by private equity and venture capital investment in the UK.
“As the sector has grown and matured, the old name has become harder to explain and often requires clarification with investors, media and policymakers.
“The new name will remove that ambiguity and give the association a clearer foundation from which to advocate for the vital importance of private capital investment for growth in the UK.”
Subject to approvals, the name change will formally take effect on 27 January?2026.?
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