European venture capital body elects TGP partner as chairman
The General Assembly of the European Private Equity and Venture Capital Association (EVCA), the voice of European private equity and venture capital, has elected Vincenzo Morelli as its chairman for the year to June 2013.
Moreli is partner emeritus and senior advisor to global investment firm TPG, and held the position of operating partner from 2005 until 2012. He continues to chair two of TPG’s portfolio companies.
Speaking after his election, Morelli said: “I would like to thank Karsten Langer (pictured), our much respected outgoing chairman, for his achievements over the past year during this crucial time for the EVCA to put its case for our industry to society at large. We aim to encourage a positive view of private equity and venture capital as a very effective model of company ownership for businesses requiring development and investment to grow or adapt and an indispensably useful source of risk capital for European enterprise. Private equity and venture capital are the providers of funds and stewards to tens of thousands of European companies which require experienced governance and transformational investment. As a long-time company manager, I know how effective private equity can be to spur much needed growth on our continent.”
Dörte Höppner, the EVCA secretary-general, said: “We address our sincere thanks to our outgoing chairman, Karsten Langer, for his outstanding commitment over the past year, on behalf of the private equity and venture capital industry. And we extend a warm welcome to our new chairman: Vincenzo Morelli has been involved with the EVCA for many years and is well versed in our industry’s issues and challenges. We are confident that, under his leadership, the EVCA will be successful in promoting and developing the private equity industry’s contribution to Europe’s recovery.”