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PSIK, the Polish Private Equity & Venture Capital Association stands with Invest Europe and other European PE/ VC associations in our utter condemnation of the invasion of Ukraine by the Russian Federation. We are in full support of the Ukrainian people.

We are profoundly saddened by the tragic loss of life and human suffering in Ukraine. Any consideration of economic losses is, of course, irrelevant compared to the worry for our fellow European citizens in Ukraine, including our colleagues and the tens of thousands of employees of companies they back.

Europe’s private equity and venture capital industry are more than just observers of political events: we are investors, partners to entrepreneurs, employers and a continuous force for growth in markets and people.

Security, predictability and accountability are the cornerstones of a vibrant private equity and venture capital market, framed by the laws and regulations in which the market operates, as part of global value-chains. From a narrow – and in these early days barely relevant – industry perspective, we are saddened to see a blooming economy, private equity and venture market in Ukraine wilt under the weight of war.

We stand behind the people of Ukraine. We stand together as an industry.

 

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