The European Private Equity and Venture Capital Association has elected a new chairman alongside plans to reorganise its activities and address venture capital separately from private equity. The move comes amid proposals for similar changes at the group's UK counterpart.

Helmut Schühsler's election as chairman comes as the chief executive of the British Private Equity and Venture Capital Association, Peter Linthwaite, steps down following questions over his leadership during a UK Parliamentary grilling this week.