Members of the European Venture Fund Investors Network (EVFIN) have appointed a new steering committee. Stephan Morais has been named as the new Chairman, succeeding Jouni Hakala after his one-year tenure. Jouni Hakala from Finnish Industry Investment will continue to serve the Network as 2nd Deputy Chairman for a further year alongside Isabelle Bébéar form Bpifrance, appointed as 1st Deputy Chairman.
Stephan Morais said: “It is a great honor to be chosen as the next Chairman of a Network that represents over € 27 billion of assets under management. With a newly elected Parliament since last May and soon a new college of Commissioners, new EU policy priorities are to be set. EVFIN will endeavor to highlight the critical role that venture capital plays in boosting growth potential of the EU economy but also challenges that must be addressed urgently: bring private investors back to the market, promote a single EU venture market, and enhance performance and professionalism of venture funds. To this end, my efforts will be focused on fostering cooperation between long term investors both public and private, acting as a partner to other industry institutions and to EU Institutions with respect to EU policies and implementation of relevant EU programmes”.