SVCA's Berggren to step down

Tom Berggren, managing director of the SVCA will resign after 10 years leading the industry organisation.

Berggren told Nordic unquote" what he has enjoyed most about his position. "Without a doubt all the great people in the industry. I have also really enjoyed building the SVCA to an important organisation when it comes to lobbying and communication." He also explained that the organisation has successfully built up understanding among entrepreneurs, trade unions and politicians on how the asset class works, boosting the importance of private equity in Sweden over the years. "Our members have increased the capital under management by 10x, and turnover of private equity-backed companies now represents more than 10% of Swedish GDP. We have also seen a great maturing and professional transition of the market."

However, even with strong growth, there is still a need for the SVCA to lobby for the industry. "There is still a great need for communication and continued improvements in the openness and transparency debate," he noted. "One challenge is to continue to provide good value to the members with increased international networking possibilities, which can create positive fundraising environment for both new and experienced teams".

But now that Berggren is leaving the SVCA, will he stay in the industry? "Absolutely, but from another platform. I have thought about how to provide better services for limited partners and others who want to invest in private equity. One of the solutions will be a fund-of-funds that offers liquidity," he concluded.

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