At the heart of the Finnish Venture Capital Association (FVCA) are eight active committees that play a crucial role in developing the private equity and venture capital industry and amplifying its voice in society. As the current two-year term of the committees comes to an end, it is time to reflect on the accomplishments and recognize the valuable contributions made.
Over the past term, the committees have demonstrated great enthusiasm, deep expertise, and a genuine drive to advance the industry. Members have generously contributed their time and knowledge, and thanks to their commitment, we have achieved significant results. This past term has once again highlighted the central role that committees play in the association’s activities – and more broadly, in the development of the entire sector.
FVCA’s committees include the Buyout Committee, ESG Committee, Legal Committee, Research Committee, Venture Capital Committee, Tax Committee, Communications Committee and the ad hoc Sustainable Finance Committee. These groups bring together industry professionals to share knowledge, address current issues, and form unified positions. They also monitor legislation, sustainability topics, and guide the association’s research and communications efforts.
Legal Committee
The Legal Committee supports the association and the industry in fostering a favorable and competitive legal environment.
During the past term, the committee focused on the national implementation of regulations concerning alternative investment fund managers. It also developed solutions to support the internationalization of the industry by improving fund structures and providing education on establishing funds outside Finland. In addition, the group actively contributed to the development of the EU Capital Markets Union and collaborated with authorities and ministries to clarify official interpretations and advocate for changes that support growth.
Tax Committee
The Tax Committee prepares the industry’s positions on tax regulation and guidance issued by authorities.
Over the past term, the committee addressed challenges related to the establishment of VAT groups and clarified issues concerning international investors, working to find viable solutions. In collaboration with the Legal Committee, it also helped design a new fund structure and identified tax-related challenges in existing structures—work that will continue in the upcoming term.
ESG Committee
The ESG Committee focuses on sustainability, impact, and diversity within the private equity and venture capital sector.
During the past term, the committee established diversity goals for the industry and assessed the impact of regulatory and environmental shifts, including responses to the growing anti-ESG sentiment. The committee remains firmly convinced that private equity investors should continue to lead in sustainability. It also organized member training on topics such as biodiversity and the circular economy, exploring the opportunities these areas offer to investors.
Sustainable Finance Committee – Ad Hoc
The Sustainable Finance Committee monitors developments in the EU’s sustainable finance regulations and operates on an ad hoc basis.
Over the past term, the committee actively tracked regulatory changes and evaluated their impact on members. It also developed guidance on applying the Corporate Sustainability Reporting Directive (CSRD) and its relevance to the private equity and venture capital industry.
Research Committee
The Research Committee oversees the association’s research agenda, most notably the annual impact study that examines the effects of private equity investments on portfolio companies.
For the first time last year, the study included not only financial data but also ESG data, which had been collected over several years to enable this expansion. The result, in collaboration with PwC, was one of the most comprehensive studies in Europe analyzing how private equity investors influence corporate sustainability.
Venture Capital and Buyout Committees
The Venture Capital and Buyout Committees are separate groups that address industry development, sector statistics, and current advocacy topics, each from the perspective of their respective investment strategies.
During the past term, both committees reviewed a proposal by the Ministry of Economic Affairs and Employment regarding a new strategy for the state-owned investment company Tesi and its potential implications for the industry. They also helped prepare the association’s first-ever international fundraising event, to be held in autumn 2025. Member experiences from similar events across Europe have been invaluable in planning. Additionally, the VC Committee hosted Business Finland’s Marjo Ilmari, who shared updates on changes in startup funding.
Communications Committee
The Communications Committee supports the development of communications within the industry and monitors its public image.
Over the past term, the committee organized training sessions on media relations, crisis communications, and working with the press. The association also finalized and published its communications guide for members – a practical toolkit designed to support effective and consistent messaging across the industry.
We extend heartfelt thanks to all committee members for their invaluable contributions during the past term. Your efforts have been essential to the growth of the entire sector. Your commitment, expertise, and collaboration have been instrumental in advancing both the industry and the association’s goals. As we now turn our focus to the new term, we look forward to exploring new themes, perspectives, and opportunities to make a meaningful impact.
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Learn more about our working groups on our website.
