Pan-island group forms to raise private equity profile
The Channel Islands working group of the British Venture Capital Association has membership drawn from all parts of the industry, including fund managers and administrators, and from both islands. It will meet four times a year and work closely with the BVCA in London.
New chairman Andrew Whittaker, managing director of Ipes locally, said the move was a significant step for the industry in the islands.
'The BVCA has a very strong presence with the UK government and it is important that we can leverage that,' he said.
'AIFMD is still very important and we need that to work for the Channel Islands. We want to make our views known within the industry in the UK and before this we had no formal, no cohesive way of actively engaging with the BVCA, there was no forum for us to be heard. We were relying on influencers who are aware of the islands.
'Private equity is a driver of the economy in the islands and we need that to be recognised.'
The group plans to meet formally every quarter, with senior representation from the BVCA in the UK at the meetings, and some will be linked to social and networking events for the wider private equity sector. The committee aims to fully represent the wide interests of the industry, with representation from both islands, all sectors – administrators, audit and advisory, lawyers and fund managers – and a good range of firms.
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