BVCA welcomes Duke Street’s Charlie Troup as new Chair
The British Private Equity and Venture Capital Association (BVCA) is pleased to announce the appointment of Charlie Troup as Chair of its Council for the next year to 31st March 2023.
Charlie brings to the role nearly 30 years’ experience in private equity, having supported businesses of all sizes and at all stages of growth. He is a Managing Partner and chair of the investment committee at Duke Street – a leading investor in mid-market companies in Western Europe – having joined the firm in 2006.
Charlie has been Vice Chair of the BVCA’s Council for the past year, following two and half years as a council member, and closely involved in the association’s work on behalf of private capital. In what has been a busy year for the industry – supporting businesses across the country to weather the final stages of the pandemic, creating thousands of new jobs and leading on a number of high-profile deals – Charlie has already been heavily engaged in the BVCA’s work with both media and government.
In addition, Charlie has also supported the BVCA on its policy focus including how the industry supports the government’s Net Zero targets, how it can continue to improve and evolve its objectives around diversity and inclusion and its involvement in support for future savers following ongoing discussion around DC Pension Scheme investment in private equity and venture capital. These areas, as well as how the industry can play its part in the support of Ukraine, will continue to be priorities for Charlie and the BVCA during the next 12 months.
Prior to joining Duke Street, Charlie had been with Permira since 1995 and partner there since 2001. Before Permira, Charlie spent two years with Montagu Private Equity.
Charlie said about his appointment:
“I am excited to step up and represent the BVCA’s diverse membership over the next 12 months, following in the footsteps of Kerry Baldwin who has been outstanding in the role.
“Private equity and venture capital deliver so much for the country. Be it the industry’s unwavering support for SMEs, how it underpins over one million jobs or the part it plays in keeping the UK competitive on the global stage, I am thrilled to be able to advocate on its behalf.”
Michael Moore, Director General of the BVCA, said:
“We are all delighted to welcome Charlie as Chair at the point where our industry looks to increase its support for businesses in all corners of the United Kingdom.
“I am certain that Charlie’s experience in private capital will be critical this year as we look to further showcase the remarkable work of our members and help them drive growth; providing the capital, expertise and long-term view that enables companies to innovate and flourish.”
Notes to editors
About the BVCA
- The BVCA, as the representative body for private equity and venture capital, connects institutional investors, fund managers, companies, advisers and service providers together, with our membership currently comprising more than 700 businesses from across the private capital ecosystem. This includes more than 325 PE and VC firms, 100 institutional investors and 220 professional services firms.
- Private capital drives growth – providing the funding, expertise and long-term view that enables companies to innovate and flourish. Our mission is to advocate the transformative nature of the private equity and venture capital community.
- Kerry Baldwin, Managing Partner and Co-Founder of IQ Capital, and outgoing Chair of the BVCA, will remain a crucial part of the BVCA’s council.
- Charlie will be supported in his role by the BVCA’s senior executives, led by the Director General, former cabinet minister Michael Moore, and a board with decades of accumulated experience in the sector.
- For more information on any of the above, please contact the BVCA’s External Communications Manager, Will English, on [email protected].
About Duke Street
Duke Street has been investing in mature, mid-market Western European businesses for over twenty-five years. Their investment strategy is concentrated on four sectors: Consumer, Healthcare, Industrials and Services. Typically, Duke Street invests in companies with an enterprise value of between £50m - £400m. The firm’s investment strategy is based on proactive analysis to identify actionable opportunities to back ambitious management teams to drive real strategic and operational change in their businesses. Together they aim to transform the prospects of the companies that Duke Street invests in.
Duke Street has invested over €2.5bn in more than 50 companies over the last 25 years and has achieved strong returns in excess of 25% IRR over that period.
