The British Private Equity and Venture Capital Association (BVCA) will rebrand to UK Private Capital, aiming to reflect in its new name the evolution of the country’s investment industry.
The trade association which represents the UK’s private investment community was founded in 1983 and has since grown to more than 600 firms.
It has decided to adopt the new name to better represent the entirety of the private capital industry, spanning private equity, venture capital and private credit.
“The private capital industry has changed significantly since the BVCA was founded more than forty years ago,” said the organisation’s chief executive Michael Moore.
“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.
“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.”
The completion of the rebrand remains subject to approval by members at its annual general meeting this week.
“The board recommends this change to members because it is clearer, better reflects the industry and builds a platform for the strategy of representing the scope and diversity of the industry,” said Matthew Sabben-Clare, chair of the BVCA board.
