PH venture capital, private equity players form investment industry association
Leading venture capital and private equity players in the Philippines have come together to create an investment industry association that will act as a unified voice representing professional and institutional investors in the Philippines.
Called the Venture Capital and Private Equity Association of the Philippines (VCAP), this non-stock, non-profit corporation was the brainchild of ICCP SBI Venture Partners, Navegar, Endeavor Philippines, and Kickstart Ventures, Inc. with support from Romulo Mabanta Buenaventura, Sayoc & de los Angeles Law.
“VCAP is the first of its kind in the Philippines. It is a forum to promote a greater understanding of the roles VC and PE play in economic growth, to foster the growth of entrepreneurship and innovation, to encourage foreign investments into the VC and PE sectors in the Philippines, as well as to facilitate interaction and collaboration amongst its members,” said William Valtos Jr., VCAP Chairman and President and ICCP SBI Venture Partners Senior Managing Director.
VCAP’s mandate includes building linkages with similar associations in other countries, raising the profile of the VC and PE asset classes, serving as a platform for potential dialogue on regulatory and policy issues affecting venture and private equity investments in the country, and promoting professional development of the member firms and employees.
The formation of VCAP will give local and foreign investors an accessible forum for sharing market information as well as discussing policies and practices which are of concern to VC and PE institutions and professionals, according to Honorio Poblador IV, VCAP treasurer and Navegar managing partner.