Our Commitment to Disclosure and Transparency Initiatives

In November 2007, a working group that was formed by The British Private Equity and Venture Capital Association (BVCA) and led by Sir David Walker issued the Guidelines for Disclosure and Transparency in Private Equity. That publication, which is also known as the “Walker Report,” makes specific recommendations for improving the level of public disclosure by private equity firms operating in the United Kingdom.

Lord Clive Hollick, a Member of our firm, served as a member of the working group that issued the Walker Report and we are committed to its success. Because we believe in the importance of enhancing disclosure and transparency within the private equity industry, we have voluntarily undertaken to conform to the Walker Report guidelines and to promote further conformity by our UK portfolio companies.

Included in this section of our website is a discussion of our private equity business and information about our portfolio companies, as contemplated by the Walker Report. Additional information concerning our firm and investments is included in our Annual Review, which may be downloaded by clicking here.

Other Initiatives

Our commitment to enhance disclosure and transparency within the private equity industry is not limited to implementing the Walker Report guidelines. We are also actively involved in similar initiatives across Europe, including initiatives that are currently being undertaken by the German Private Equity and Venture Capital Association (BVK) and the French Private Equity Association (AFIC). We are committed to supporting these initiatives and are pleased that Members of our firm actively serve on the BVK and AFIC working groups that are responsible for developing and implementing disclosure and transparency standards for those bodies.