S2 EP3: Private capital: rising to the challenges of turbulent times

07/14/23 • 21 min

The BVCA Reflections series marks the 40th anniversary since the BVCA was established as the trade association for the UK private equity and venture capital industry. During this series, we will be talking to industry leaders from today and previous decades as we reflect on how the industry and the BVCA have evolved.

In episode 3, BVCA Chief Executive Michael Moore is joined by BVCA’s Director of External Affairs, Karim Palant and Head of Research, Suzi Gillespie to discuss the launch of the BVCA’s latest Report on 2022 Investment Activity; Private Capital: rising to the challenges of turbulent times.

Running order:

00:00 – Intro
00:41 – Background on the report, BVCA’s output and the significance to the industry
02:09 – Economic turbulence in 2022
03:20 – 2022 Private capital headline figures and data
04:27 – Regional and national spread of investments outside of London and the Southeast
06:30– Investment focus on technology
08:02 – Private capital’s focus on climate change solutions
09:58 – Building the economy of tomorrow
14:30 – Follow-on investments to build successful businesses
17:25 – Dry powder: Committed but not yet invested capital

This episode of the BVCA podcast is hosted by Michael Moore, Chief Executive of the BVCA.

Michael’s guest for episode 3:

Karim Palant, Director of External Affairs, BVCA
Suzi Gillespie, Head of Research, BVCA

Running order:

00:00 – Intro
00:41 – Background on the report, BVCA’s output and the significance to the industry
02:09 – Economic turbulence in 2022
03:20 – 2022 Private capital headline figures and data
04:27 – Regional and national spread of investments outside of London and the Southeast
06:30– Investment focus on technology
08:02 – Private capital’s focus on climate change solutions
09:58 – Building the economy of tomorrow
14:30 – Follow-on investments to build successful businesses
17:25 – Dry powder: Committed but not yet invested capital

This episode of the BVCA podcast is hosted by Michael Moore, Chief Executive of the BVCA.

Michael’s guest for episode 3:

Karim Palant, Director of External Affairs, BVCA
Suzi Gillespie, Head of Research, BVCA

Previous Episode

S2 EP2: Reflections from Garry Wilson, BVCA Chair 2023-24

In episode 2, BVCA Chief Executive, Michael Moore talks to Garry Wilson, new BVCA Chair for 2023-24 and Managing Partner of Endless, to discuss his priorities for the year, reflections on how the industry has been developing and what we want to do next.

Running order:

00:00 – Intro
00:50 – Background on Endless and how Garry got started
00:00 – Reasons for becoming BVCA Chair and priorities for the year
04:01 – Reflections on how the industry has changed over the past 40 years
05:31 – Championing the industry story and the importance of proactive engagement with media and politicians
09:44 – How the industry is rapidly changing
11:39 – Private capital outside London
13:07 – Looking ahead to the next 10 years

This episode of the BVCA podcast is hosted by Michael Moore, Chief Executive of the BVCA.

Michael’s guest for episode 2:

Garry Wilson, Managing Partner of Endless, and BVCA Chair 2023-24

Next Episode

S2 EP4: Private capital's role in the Net Zero puzzle

In episode 4, the BVCA’s Head of Sustainability, Harriet Assem, is joined by Maria Carradice, Managing Director, Specialist – Environmental, Social and Governance at Mayfair Equity Partners, Eimear Palmer, Global Head of ESG at Pantheon, and Maggie Loo, Partner at Bridges Fund Management, to discuss how private capital is well placed to help SMEs to decarbonise, invest in technological solutions to combat the climate crisis and plug the investment gap needed to help the UK meet its Net Zero ambitions.

Mindful of the upcoming COP28 Conference, speakers also outline their policy wish lists to unlock capital and investment opportunities in the Net Zero space, whilst also creating financial returns for investors.

Running order:

00:00 – Intro
02:36 – Net Zero, does it represent the growth opportunity of the 21st century?
08:06 – Access to capital and why Net Zero is so relevant to private capital
13:44 - How will net zero affect standard businesses
16:21 – How is private capital helping the businesses it invests in to decarbonize and invest in the technological solutions of tomorrow
20:20 – The development of ESG scorecards
26:08 – Practical guidance and initiatives emerging to help private capital firms (including ICi)
28:30 – What the policy and investment landscape needs to look like to unlock opportunities for private capital

This episode of the BVCA podcast is hosted by Harriet Assem, Head of Sustainability at the BVCA.

Harriet’s guest for episode 4:

Maria Carradice, Managing Director, Specialist – Environmental, Social and Governance, Mayfair Equity Partners
Eimear Palmer, Global Head of ESG, Pantheon
Maggie Loo, Partner, Bridges Fund Management