EVCA Handbook Professional Standards for the Private Equity and ...

47 EVCA Handbook Professional Standards for the Private Equity and Venture Capital IndustryWWW.PRIVATEEQUITYEVALUATION.COMWWW.PRIVATEEQUITYEVALUATION.COMContentsendorsementDisclaimerThe information contained within this paper has been produced with reference to the contributionsof a number of sources. The IPEV Board has taken suitable steps to ensure the reliability of theinformation presented.However, neither the IPEV Board nor other named contributors, individuals or associations canaccept responsibility for any decision made or action taken, based upon this paper or the informationprovided herein.For further information please visit: www.privateequityvaluation.comInternational Private Equity and Venture Capital Investor Reporting Guidelines l Edition October 2012These guidelines have been developed by the IPEV Board with the valuable input and endorsementof the following associations:AFIC - Association Française des Investisseurs en Capital*AIFI - Italian Private Equity and Venture Capital AssociationAMEXCAP - Mexican Private Equity AssociationAMIC - Moroccan Private Equity and Venture Capital AssociationAPCRI - Portuguese Private Equity and Venture Capital AssociationAPEA - Arab Private Equity AssociationASCRI - Spanish Private Equity and Venture Capital AssociationATIC - Tunisian Venture Capital AssociationAVCA - African Venture Capital AssociationAVCAL - Australian Private Equity and Venture Capital AssociationAVCO - Austrian Private Equity and Venture Capital OrganizationBVA - Belgian Venturing AssociationBVCA - British Venture Capital Association*BVK - German Private Equity and Venture Capital Association e.V.CVCA - Canada’s Venture Capital and Private Equity AssociationCVCA - China Venture Capital AssociationCVCA - Czech Venture Capital and Private Equity AssociationDVCA - Danish Venture Capital AssociationEMPEA - Emerging Markets Private Equity AssociationEVCA - European Private Equity and Venture Capital Association*FVCA - Finnish Venture Capital AssociationGVCA - Gulf Venture Capital AssociationHKVCA - Hong Kong Venture Capital AssociationHVCA - Hungarian Venture Capital and Private Equity AssociationILPA - Institutional Limited Partners AssociationIVCA - Irish Venture Capital AssociationBackground 5Preface 6Introduction 7Disclosure of Confidential Information 8Venture Capital 8Investor Reporting vs. Financial Reporting 9Framework 10Timing 11Reporting Entity 12Unit of Account 12Environmental, Social and Governance (ESG) and Responsible Investing (RI) 12Guiding Principles 13International Private Equity and Venture Capital Investor Reporting Guidelines l l Edition October 2012Page3