BVCA chairmanship passes to Fidelity's Clark

Clark said in a statement: "During my year in the BVCA role I aim to focus on three core areas. Firstly, attracting capital to our industry from global investors by making a robust case for the asset class; secondly, ensuring we remain actively and constructively engaged in the European regulatory debate, building alliances and partnerships with fellow institutions; and thirdly, demonstrating how private equity and venture capital skills can be applied to solve social problems."

LDC managing director Tim Farazmand has been appointed vice-chairman and will take over as chairman in April 2014.

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