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

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82 EVCA Handbook Professional Standards for the Private Equity and Venture Capital IndustryE NDORSING A SSOCIATIONSPPEA(Polish Private Equity Association)PPEA gathers private equity/venture capital funds active inPoland. The mission of PPEA, established in January 2002,is to promote and develop the private equity and venturecapital (PE/VC) industry in Poland and to represent theinterests of the Polish PE/VC community in Poland andabroad. PPEA comprises 72 institutions: 38 Full Members,representing most of the private equity firms active in Polandand 34 Associate Members that are law and consultingcompanies working for PE/VC industry. The Full Membersmanage more than EUR 13 bn and have currently in theirportfolios more than 470 Polish and CEE companies.Réseau Capital(Québec Venture Capital and Private Equity Association)The Québec Venture Capital and Private Equity Associationhas more than 500 members who represent public andprivate venture capital companies as well as firms ofprofessionals serving the industry.Mission and Organizational StructureRéseau Capital is an association of key players in theprivate equity and venture capital industry. Its mission isto foster the growth of the industry and the professionaldevelopment of its members through a range of servicesand activities, such as training, information, networkingand promotion of their interests.Principal ObjectivesTo further the development of a business environmentfavourable to the venture capital community, notably,through training activities; To establish an efficient networkof relations and communications between the industry’sstakeholders; To promote venture capital as an efficienttool for the development of Québec businesses, and topromote other organizations tied into the industry.RVCA(Russian Private Equity and Venture CapitalAssociation)RVCA was set up in 1997. The central office of RVCA issituated in St.Petersburg. By today RVCA unites about40 members more than half of them are private equityand venture capital funds.RVCA’s mission is to contribute to establishment anddevelopment of venture industry in Russia.RVCA’s goals are: to create a political and entrepreneurialenvironment favorable for investment activity in Russia,to represent RVCA’s interests in political and administrativeagencies, in mass media, in financial and industrial circlesin Russia and abroad, to provide informational support andcreate communicative forums for Russian venture marketplayers, to create the stratum of experts qualified to workin venture business companies.RVCA is the unique professional organization in Russiaunits the progressive financial institutions investing inprivate Russian companies. RVCA is generally accepted inthe business community and by the Russian Government.SAVCA(Southern African Venture Capital and Private EquityAssociation)SAVCA is a non-profit company based in South Africa thatrepresents the interests of the participants of the privateequity and venture capital industry in Southern Africa.All the key participants in the industry are members ofthe Association. Membership of SAVCA provides a highlevel of endorsement and denotes a high level ofprofessionalism and integrity for the member firm.SAVCA plays a meaningful role in the Southern Africanprivate equity and venture capital industry by promotingthe industry and its members, promoting self-regulation,setting professional standards, lobbying, disseminatinginformation on the industry, arranging training for the staffof its members and researching the industry in South Africa.SAVCA represents over 70 private equity and venturecapital fund managers, the industry has over R 100 billion(c.US$ 12.5 billion) in funds under management withapproximately 400 professionals. (www.savca.co.za)SECA(Swiss Private Equity and Corporate Finance Association)SECA is the representative body for Switzerland’s privateequity, venture capital and corporate finance industries.SECA has the objective to promote private equity andcorporate finance activities in Switzerland.Members of the SECA include equity investment companies,Banks, Corporate Finance Advisors, Auditing Companies,Management Consultants and Private Investors.The association is a non-profit organization and hasthe following purposes: to promote corporate financeand private equity activitiesin the public and the relevanttarget groups, to promote the exchange of ideas andthe cooperation between members, to contribute to theprofessional education and development of the membersand their clients, to represent the members views andinterests in discussion with government and other bodies,to establish and maintain ethical and professional standards.In addition to promoting corporate finance in the public,SECA provides a platform to its members to exchangeinformation and experiences. The main activities of SECAare: seminars and events about relevant topics, publicationof statistics about private equity investment andmanagement buyout activities in Switzerland, quarterlyedition of a newsletter SECA News (for members only),contacts of other associations and state bodies.SLOVCA(The Slovak Venture Capital Association)SLOVCA was created in 1995 with primary purposeto increase the awareness of private equity and venturecapital to the public, such as the entrepreneurs, investmentand banking institutions and the economic, political andregulatory bodies in Slovakia.The mission of SLOVCA includes five key objectives:to provide information to those seeking capital for new andexisting enterprises, to represent the interests of membersbefore the government and other related institutions/agencies, to provide a forum for networking for membersto exchange views and practices, to provide education andtraining for members of SLOVCA and others, to encouragethe highest standards of business practices.SVCA(Singapore Venture Capital & Private EquityAssociation)Established in 1992, the Singapore Venture Capital &Private Equity Association (SVCA) is a not-for-profitorganisation formed to foster the growth of venturecapital (VC) and private equity (PE) in Singaporeand around the region. From a humble start of 2,our membership now exceeds 100 and continuesto grow with the industry’s development.Since its inception, SVCA has championed various effortsto promote the local VC/PE industry through talks,workshops, seminars, conferences and networking events.The thrusts of SVCA continues to be (1) fostering a greaterunderstanding of the importance of venture capital andprivate equity to the Singapore economy in support ofentrepreneurship and innovation; (2) representing the localVC/PE industry in and outside of Singapore; (3) nurturingan environment conducive for advancing VC/PE investmentand profession; and (4) providing a platform to matchfund-seeking businesses with our members andthe investment community.For more information about SVCA, please visit:www.svca.org.sg.40 I NTERNATIONAL P RIVATE E QUITY A ND V ENTURE C APITAL VALUATION G UIDELINESI NTERNATIONAL P RIVATE E QUITY A ND V ENTURE C APITAL VALUATION G UIDELINES 41
83 EVCA Handbook Professional Standards for the Private Equity and Venture Capital IndustryE NDORSING A SSOCIATIONSSVCA(The Swedish Private Equity and Venture CapitalAssociation)The SVCA represents around 110 private equity firms aswell as business angels and service providers. Sweden isone of the leading private equity markets with annualprivate equity investments over 1% of the national GDP.The Association was established 1985 and its objective isto work towards a well-functioning private equity industryin Sweden. This is done by supplying information andworking for the professional development of the industry.We aim to inform about how the industry functions andwhat frameworks are needed to facilitate entrepreneurs andinvestors so that together they can help the developmentof the Swedish economy and industry that is necessary forthe country’s future prosperity. We also inform about howinvestments in private equity funds have yielded a goodprofit over the long term for pension funds and otherinstitutional investors.We work for the professional development of playersactive in the industry through education, ethical guidelines,transparency and valuation principles, networking andseminars with the participation of international colleagues,amongst many other things.See www.svca.se for more information.42 I NTERNATIONAL P RIVATE E QUITY A ND V ENTURE C APITAL VALUATION G UIDELINES
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