Contributed By Travers Smith LLP
There are a number of key asset management industry bodies in the UK. The British Private Equity and Venture Capital Association ("BVCA") is the industry body for the private equity and venture capital industry. Founded in 1983, the BVCA's memberships comprises of investors, fund managers, entrepreneurs and companies, advisers and service providers and represents their interests to government, parliamentarians, officials and regulators, the media and other sections of the business community. Invest Europe is the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors, including the UK. Invest Europe is based in Brussels. The Association of Investment Companies ("AIC") is the principal trade body representing listed closed-ended companies in the UK. For open-ended funds, the Investment Association is the trade body that represents UK retail investment managers and promotes UK investment management throughout the world.