BEST PRACTICES
ACVC to the ecosystem
- The ACVC is committed to being a binding agent between the different actors of the private equity industry - entrepreneurs, government institutions, unions and education, among others - as well as to being a driving agent and advocate of public policies that stimulate the industry and promote the growth of VC in Chile.
- The ACVC is committed to disseminating truthful industry information, which will always be supported by validated sources.
- The ACVC, in its role as a guild, undertakes not to prioritize the particular interests of any of its members and to ensure the organic development of all its members and associates.
Partners for startups
- Members commit to have a website, or section, where the fund's investment thesis, requirements and invested portfolio are displayed. Members commit to have a contact form or one pager mailing for applicants and to make their evaluation deadlines transparent.
- Members undertake not to generate false expectations in the startup evaluation process. In case they decide not to invest, they commit to inform the reasons and provide feedback.
- Members agree to respect the confidentiality of their portfolio, and to handle any conflicts as privately as possible.
- If there is a potential conflict of interest, members commit to to make the situation transparent prior to receiving information and/or meeting with the startups.
- Members will not make public statements or value judgments about the startup and/or its founders.
Partners for LPs
- Members commit to operate in an ethical and professional manner, reporting reliable information to their LPs and reporting relevant facts that may affect their relationship.
- Members will seek not to prioritize the particular interests of one investor over the rest.
- The LPs participating in the ACVC commit to respect and keep under extreme confidentiality all the information received by their GPs.
- Members will seek to report their fund information to investors - referencing The Institutional Limited Partners Association (ILPA) - to promote data standardization.