Private equity body names industry veteran as new chairman

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Private equity money
Florman started in his role this week (Source: Getty)

LPEQ, a trade body for listed private equity firms, has named industry veteran Mark Florman as its new chairman.

The former chief executive of the British Private Equity and Venture Capital Association (BVCA) started in his role this week.

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Florman told City A.M. his objectives in the role are to raise understanding of private equity – which he said is “generally complicated to understand” – and “also to explain the benefits of the industry and why different authorities should support it and embrace it”.

Asked what the UK’s Brexit vote means for private equity, Florman was positive. “Europe has still thousands of companies that need investment and need tighter reins in terms of the private equity investing approach,” he said.

Douwe Cosijn, chief executive of LPEQ, said: "Mark brings a wealth of experience in financial services and private equity. His insight, perspective and relationships will be core to our engagement with the private equity firms, institutional and private investors that recognise and appreciate the importance of accessing the liquidity and potential returns the asset class can generate."

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He added: "Listed Private Equity, in the context of the broader alternative asset and private capital markets, has undergone significant change over the past five to 10 years. I look forward to working with Mark, as well as our current and future members, to address this market opportunity."

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