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The British Private Equity & Venture Capital Association (BVCA) will be renamed UK Private Capital to reflect changes in the market.?<\/p>\n
Private equity and venture capital backs 13,000?companies across?the?UK generating 7% of total GDP. <\/p>\n
The organisation represents 600 firms and the new name reflects all parts of the private capital community: private equity, venture capital and private credit.\u00a0<\/p>\n
Michael Moore, chief executive of the BVCA, said:?<\/strong> \u201cThe?private capital?industry has changed significantly since the BVCA was founded more than 40 years ago. <\/p>\n \u201cOur 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.<\/p>\n \u201cCurrently almost 13,000 companies, employing more than 2.5 million people, are backed by private equity and venture capital investment in the UK. <\/p>\n \u201cAs the sector has grown and matured, the old name has become harder to explain and often requires clarification with investors, media and policymakers. <\/p>\n \u201cThe 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.\u201d<\/p>\n Subject to approvals, the name change will formally take effect on 27 January?2026.?<\/p>\n \t <\/div>\n