Mackie, who assumed the role in April 2000, declared, ‘I have been chief executive for five years now and it is time to bring in somebody new to take the BVCA to its next phase of development.’ The process of appointing a successor is already underway, although no specific timetable has been set.

‘This has been an exciting and challenging time to lead the industry body. We have succeeded in establishing the BVCA as a powerful and effective voice for the UK private equity industry and I hope I have contributed to that,’ Mackie continued.

It is anticipated that Mackie will remain a prominent figure in the venture capital/private equity sector following his departure.

For further information visit: bvca.co.uk