European Private Equity and Venture Capital Association (EVCA)
Summary of the initiative
Name of Private Regulator:European Private Equity and Venture Capital Association (EVCA)
Objective(s):The EVCA reporting guidelines set general conditions: timing, fund reporting, portfolio reporting, capital account, fees and carried interest, reporting template and performance measurement guidance. In March 2000, the European Private Equity and Venture Capital Association (EVCA) issued its first Reporting Guidelines. These Guidelines have been widely adopted across the private equity industry. Following the endorsement by EVCA of the International Private Equity and Venture Capital Valuation Guidelines in March 2005, a special task force was set up in September 2005 to update the previous Reporting Guidelines to bring them into line with the new valuation principles and to reflect the evolution of common reporting practices within the industry. The reporting guidelines are part of a package of guidelines which have been developed by EVCA in cooperation with their members with the involvement of their clients/investors (though they are not formally "endorsed" in any way by clients/investors). This set of guidelines includes valuation guidelines, reporting guidelines industry governing principles and corporate governance principles. This initiative is now superseded by the “EVCA Professional Standards Handbook”, bringing together all the professional standards documents that had previously existed separately.
Description of the Initiative