UK Private Capital (formerly BVCA) Council is charged with the responsibility for the oversight of the strategy and management of the affairs of UK Private Capital. The Council comprises representatives of members and associate members of UK Private Capital from a cross section of the industry, including investors and advisers. The Council’s core remit is defined by the principle objectives below.
The membership of the Council and three Council committees can be found below. The terms of reference for our Council, Committees and Advisory Groups are included in the Governance Handbook. The Handbook provides directors, members and employees of UK Private Capital with a summary of our governance structure and supplements the Articles of Association.
Principal objectives
1. To promote to investors the case for investing in UK private equity and venture capital
UK Private Capital will continue the debate with and provide education to fund providers such as pension funds and insurers. We will continue to work with Pensions UK (formerly the PLSA), ABI and others to demonstrate the superior returns from private equity and venture capital and thus the case for higher allocations. We are constantly reviewing our annual statistics and ways to improve further their coverage.
2. To influence public policy
We continue to press the Government at every level to encourage the entrepreneurial culture on which our industry depends. We regard the continued success of the All Party Private Equity Group as evidence of the excellent progress we are making towards recognition of our industry as a key contributor to the UK economy. We will extend our efforts into Europe to ensure the voice of UK private equity is heard when decisions are taken which impact on our industry.
3. To raise further the awareness of the economic benefits of private equity and venture capital
Our industry surveys clearly demonstrate the economic benefits, including enhanced productivity, that private equity and venture capital bring across the whole range of opportunities our industry backs. We will continue to research the economic impact of private equity and venture capital on the UK economy and disseminate that research to key opinion formers.
4. To influence and work with regulatory and professional bodies and lawmakers to create an appropriate framework for the private equity and venture capital industry
UK Private Capital has, through its Regulatory Committee, worked extensively with the FSA/FCA through numerous consultation papers and discussions. We have made and continue to make representations on a number of issues both with the FSA/FCA and with the EC which is becoming an increasingly important area.
5. To provide services relevant to our members and to communicate effectively with them
UK Private Capital has always regarded its membership as being the firms operating within the industry. The regulatory environment is focusing much more on individuals rather than firms, as is training and competence and, possibly in the future, continuing professional development. We are working to improve our communication with firms but also with the individual practitioners and professionals. We have expanded our database extensively and are using enhanced technology to improve our communications.
6. To promote diversity within our industry and support firms to build inclusive environments in which everyone can thrive
UK Private Capital promotes the participation of people from all socioeconomic backgrounds and of all ethnicities, genders and sexual orientation in the venture capital and private equity industry. This includes representation in investment and senior roles. Learn more.
Michael Moore
Michael Moore is Chief Executive of UK Private Capital (formerly BVCA) .
Michael and his colleagues are focused on supporting the development of the private capital industry, as it invests in thousands of businesses and supports millions of jobs across the UK. As policymakers work on the competitiveness of the UK’s investment climate, Michael is confident that private equity and venture capital will continue to create significant public value through investment in growth, innovation and people.
Over the past 30 years Michael has operated at senior levels in both politics and business. In his political career he served in the Cabinet at the time of the Coalition Government, as Secretary of State for Scotland. He was a Member of Parliament for 18 years.
After the 2015 General Election, Michael became a Senior Advisor at PwC. Prior to entering politics, he qualified as a chartered accountant with the firm.
Matthew Sabben-Clare
Matthew Sabben-Clare is a Senior Advisor to Cinven. Previously, Matthew was Head of Cinven’s Capital Markets team and Chief Administrative Officer.
He was previously at Merrill Lynch in Leveraged Finance. Prior to this he worked in the Financing & Structured Products Division at J. Henry Schroder & Co. He graduated from Cambridge University and is AMCT-qualified.
Richard Swann
Richard is a Partner at Inflexion and Chairs Inflexion’s Investment Committee. He is also a member of the Realisation Committee.
Richard joined Inflexion in 2008 and has since been involved in many of Inflexion’s current and previous investments.
Outside of Inflexion, Richard is passionate about the role education plays in society, and is a member of the Council of the University of Birmingham. Richard also sits on the Board of The British Private Equity & Venture Capital Association.
Richard has a degree in Biochemistry from the University of Birmingham and an MBA from the University of Warwick, and was previously a partner with Deloitte and its predecessor firm Arthur Andersen.
Chris Barnes
Chris Barnes is Partner & Chief Operating Officer at Atomico. Based in London, he works across all aspects of Atomico’s operations. He oversees fund management, investor relations, finance, legal and IT. He served on the board of LendInvest until the company’s successful IPO in 2021.
Johanna Barr
Johanna Barr joined Advent in 2007 and is a Managing Director and Global Head of Limited Partner Services (LPS) in London. She leads the LPS Group and is primarily focused on fundraising and investor relations activities in Europe, the Middle East, and Asia Pacific. Johanna is a member of Advent’s Global Culture and Inclusion Committee. She also serves as a Director of the British Private Equity and Venture Capital Association (BVCA) Council, and previously chaired the BVCA’s Investor Relations Advisory Group between 2018 and 2023.
Prior to joining Advent, Johanna worked for four years in the M&A and Corporate Broking departments of Deutsche Bank in both the London and Frankfurt offices. She advised clients across sectors on a variety of transactions, including international public and private mergers and acquisitions, flotations, and secondary equity offerings. Johanna received a BSc (First Class Hons) in Business Administration from the University of Bath, School of Management. As part of her degree, she studied at the McIntire School of Commerce at the University of Virginia
Dana Haimoff
Dana Haimoff, Managing Director, joined the Private Equity Group in 2002. Dana is a Portfolio Manager responsible for sourcing, due diligence, leading investment recommendations and monitoring private equity funds, co-investments and secondary opportunities.
Currently, Dana serves on numerous private equity fund and direct co-investment advisory committees. Prior to joining the Group, she spent six years with Merrill Lynch working with alternative asset funds and initiating, developing and servicing new and existing client accounts. Prior to joining Merrill Lynch, Dana worked at Prudential Securities in the Corporate Finance Group’s private equity practice and at Ernst & Young as an International Tax Consultant. She earned a BS from Skidmore College and an MBA from Columbia Business School.
Dana is the co-Founder of Level 20, a not-for-profit organization set up to encourage women to succeed in the private equity industry. She is a member of the British Venture Capital Association’s Limited Partner Committee. Dana is a director on the board of JPMorgan Asset Management International Ltd and JPMorgan Asset Management (UK) Ltd and is responsible for the firm’s SMCR’s EMEA Alternatives.
Beth Houghton
Beth is the Managing Partner of the Impact Fund at Palatine Private Equity and is based in the Manchester office. Her role includes defining the strategy and process for selecting impact investments, engaging with portfolio companies to create commercial returns and reporting results to investors and other stakeholders. Beth has a passion and commitment to ESG (environment, social and governance) for which the firm has won many awards since starting their ESG programme fifteen years ago.
Beth joined Palatine in 2007 after having previously spent 10 years as a Management Consultant. In 2023 she won the Insider Northwest Dealmaker award, the first woman to win the award in its 29-year history. She holds an MBA with distinction from Manchester Business School and now sits on the Advisory Board for the School.
Amy Mahon
Based in London, Amy Mahon is Co-Head of the Firm’s Energy and Infrastructure Practice and advises a range of clients through all stages of the investment cycle within the energy and infrastructure industry. She counsels infrastructure funds and corporate clients on a wide range of complex domestic and cross border mergers and acquisitions, joint venture and consortium transactions and restructurings across the infrastructure sector. She was recently honored in Euromoney’s Women in Business Law Europe Awards 2021 as “Private Equity Lawyer of the Year,” as well as named to The Lawyer’s “Hot 100” list and honored as part of Legal Week’s “Women, Influence & Power in Law U.K.” awards. She was also recognized amongst the IFLR1000 Women Leaders 2021 and 2022.
Adrian Rainey
Adrian joined Balderton as Operating Partner in 2021. He has more than 20 years of experience in venture.
Before joining Balderton, Adrian was a Partner at leading tech law firms Taylor Wessing, where he headed up the venture capital group, and Goodwin.
At Balderton, Adrian works with portfolio companies on initial investments through subsequent fundraises and other key events on the journey to exit. He also works closely with our Limited Partners and looks after the firm’s internal operations.
Adrian has a degree in History from Oxford University and postgraduate qualifications from the College of Law.
Charlie Troup
Charlie joined Duke Street in 2006. He is chairman of the investment committee and has worked on a number of our recent deals including the acquisition and realisation of SandpiperCI, Payzone, Laurel Funerals, Baywater Healthcare, Voyage Care and MediGlobe plus the acquisition of TeamSport, Arosa, Kent Pharmaceuticals and COMPO. He joined us from Permira where he’d worked since 1995, becoming a partner in 2001. While there he worked on a range of transactions including TGE, Memec, Inmarsat and the AA. Before Permira, Charlie spent two years with Montagu Private Equity on secondment from Deloitte Corporate Finance where he was a senior manager in the private equity team.
Charlie has a degree in Mechanical Engineering from Imperial College, London, and is a qualified Chartered Accountant.
Charlie was the Chair of the Council for the British Private Equity and Venture Capital Association (BVCA) during 2022/2023. The BVCA has nearly 800 members and represents the interests of the industry across the UK.
David Wilmot
David is a Founding Partner of Apera, responsible for developing the Apera platform and business in the United Kingdom and in the Nordic region.
David has extensive experience in deal origination and portfolio management in the European leveraged finance market, most recently having spent 16 years at Babson Capital where he was Joint Head of European Private Finance. David was instrumental in establishing Babson’s presence in the European buyout finance market, and served as either an Investment Committee member or co-Chairman for several of Babson’s private debt and CLO funds.
Prior to joining Babson, David led the UK leveraged finance team at Société Générale. David holds a B.Sc. (Hons) in Banking and Finance from Loughborough University, a MBA from Cass Business School and is an Associate of the Chartered Institute of Bankers.
Andrew Williamson
Andrew Williamson is Managing Partner of CIC and focuses on technology investments.
Andrew spent ten years in venture capital at Physic Ventures in San Francisco and True North Venture Partners in Chicago. Prior to that he was on a more academic career path leading research in clean technology applications in the USA. Andrew has a PhD in Physics from the University of Cambridge and an MBA from the University of California, Berkeley. He manages investments in Pragmatic, NStream and Riverlane.
Annual Review 2024-25: Investing for a better economy
The latest Annual Review highlights the wide-ranging issues the association has addressed on behalf of the industry over the past 12 months, as well as detailing how we have supported the development of the industry through events, training and other activities.
