MVCA had the pleasure to invite all Members to its General Assembly featuring an annual review on MVCA's activities and plans going forward in 2012, presented by its chairman Zsolt Lavotha. MVCA held 15 events in 2011 and increased its membership base by 20 Individual as well as Associate Members. The GA was attended by around 30 Members.

The presentation was followed by a joyful Christmas cocktail among 40 Members and Guests.

MVCA had the pleasure to welcome Mr. Karsten Langer, currently Chairman of EVCA (European Private Equity and Venture Capital Association) as a guest speaker for this lunch event.

Mr. Langer gave his views on how European Private Equity is becoming a more regulated and 'institutional' industry via new directives that EVCA helped to shape and which are currently being implemented into national laws. In his view, this change could be regarded as an opportunity for European Private Equity and hopefully be perceived as a more 'sustainable' and 'non-risky' asset class.

Mr. Langer emphasized that Private Equity in Europe will find its way towards becoming a more 'desired' industry, and in fact a catalyst for economic growth in midst of a solvency crisis.

MVCA had the pleasure to welcome its fellow MVCA member Mr. Antoine Drean as guest speaker for this lunch event. He is the founder, chairman and CEO of Triago – and independent advisory agent dedicated to the Private Equity fund community – as well as Mantra - an investment company exclusively dedicated to “alternative private equity” (listed private equity fund and non?traditional private equity funds).
In his guest speech entitled ‘Where Is Private Equity Going?’, Antoine talked about how today’s PE market changed compared to the past two decades in terms of size, competitiveness as well as number of actors and target companies, highlighting some of the opportunities ahead, such as investing in the secondary market and selected listed Private Equity vehicles in times where market inefficiencies are scarce and competition for assets is fierce.
Around 20 Members joined this lunch event, raising interesting questions alongside the informative and insightful presentation.

MVCA had the pleasure to recommence its activities after the summer break with a special event. Loris Centola, Head of Global Trends at UBS Wealth Management Research COO together with the Team Wealth Management COO Client Initiatives consisting of Dolores Rodriguez and Donatella Aurino, guided an Investment Simulation Experience (ISE), whereby Members were playing the role of commodities portfolio managers actively constructing a 'virtual portfolio' and allocating assets to perform best in a given scenario, on the example of Gold. The Members of the ISE Team are the only developers of this particular initiative within UBS.

The event was limited to 15 active Members working in small teams selecting the best investment tools and competing on performance, with a winning team announced towards the end of the Simulation.