The British Venture Capital Association (BVCA) is setting up a working party to take another look at valuations guidelines, continuing the debate on transparency in the private equity industry.
The group will be chaired by 3i's Michael Queen, vice chairman of the BVCA and chairman of the BVCA's investor relations committee. It will look at valuation and reporting guidelines in conjunction with member firms, industry specialists and the European Venture Capital Association, and report back in mid-2002.