The British Private Equity & Venture Capital Association has formally rebranded as UK Private Capital following member approval at its AGM.

The change reflects the evolution of the association, which now spans private equity, venture capital and private credit and supports around 13,000 UK companies, employing 2.5 million people and contributing 7% of GDP.

The new name is intended to better reflect how the sector describes itself and to strengthen its voice in public policy, research and political engagement.