LPEQ is pleased to announce the appointment of Mark Florman, former CEO of the BVCA, as its new Chairman with effect from 6 September 2016.
LPEQ is an international platform of listed private equity companies. Its principal purpose is to engage with investors to deepen understanding of the key investment considerations when looking to invest in the private equity sector.
Tim Spence, LPEQ’s outgoing Chairman, said, “On behalf of the Board, I would like to say how pleased we are that Mark will be LPEQ’s new Chairman. His appointment, the first from outside the membership, strengthens LPEQ’s ability to be at the forefront of the dialogue between listed private equity and the public capital markets.”
Douwe Cosijn, CEO 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."
Douwe added, "Listed Private Equity, in the context of the broader alternative asset and private capital markets, has undergone significant change over the past 5 to 10 years. I look forward to working with Mark, as well as our current and future members, to address this market opportunity."
Mark Florman, LPEQ's new Chairman, said, "I firmly believe that the public markets will play an ever greater role in the funding of the private equity industry and the private companies they support. LPEQ's objective of bringing together all relevant constituents interested in listed private equity is unique.
"I am very pleased to be working with the Board and all LPEQ’s members to fulfil the core purpose of deepening the understanding of listed private equity and its potential to support long-term sustainable returns for companies, their employees and shareholders.
"I would also like to thank Tim Spence for his important contribution to LPEQ during this period of transition."
For media inquiries
Maitland: Tom Eckersley, Seda Ambartsumian
020 7379 5151
Notes to Editors
About Mark Florman
Mark's career in financial services spans some 30 years. Following an early career in banking, including the creation and leadership of one of the leading independent investment banks in Europe, he was a Senior Principal at Doughty Hanson from 2001 to 2008. He went on to form the private equity business 8 Miles and was CEO of the BVCA from January 2011 until April 2013, where he encouraged a new dialogue with regulators and politicians focusing on the role of private equity and venture capital in driving economic growth in Europe's economies. In 2014, Mark became a Trustee of the BBC Trust and is the BBC Trustee for England.
About Douwe Cosijn
Douwe became LPEQ’s Chief Executive in January 2016, with responsibility for working with LPEQ's members to set the association's engagement strategy with the financial markets, government and regulators and the media. Prior to joining LPEQ, Douwe was Director of Corporate Affairs and Head of Investor Relations at 3i, a leading international private equity investor, with responsibility for the Group’s corporate and financial communications. He began his career in Brussels, specialising in EU financial services regulation and political affairs.
LPEQ is an international platform of listed private equity companies. Its principal purpose is to engage with investors to deepen understanding of the key investment considerations when looking to invest in the private equity sector. Please see www.LPEQ.com