The Private Equity Reporting Group
The Private Equity Reporting Group (PERG) is an independent body that was established in March 2008 to monitor conformity with the Guidelines and make periodic recommendations to the BVCA for changes to the Guidelines if required.
The PERG is chaired by Nick Land, a non-executive director on a number of boards and previously the executive chairman of EY in the UK. He is supported by two other independent members: Baroness Drake, a labour peer and former president of the TUC, and Glyn Parry, an experienced finance director working with FTSE companies such as BT Group.
Representing the private equity industry are Ralf Gruss, Chief Operating Officer at Apax Partners, and Tony Lissaman, Chief Operating Officer of 3i Group’s private equity business.
More information about the PERG can be found here.
Population within the scope of the Walker Guidelines
61 portfolio companies were required to comply with the Guidelines this year (2019: 55). The number of private equity firms managing or advising funds that owned portfolio companies within scope remained at 51 this year. This includes 21 firms that conduct their operations in a ‘private equity-like’ manner, such as infrastructure, credit and pension funds.