Comparison · 13 material differences
NVCA vs TMA
This comparison was generated on request from the records. It carries no editorial verdict and is not indexed. The published comparisons are listed on the compare page.
Read down each column for one organization, across a row for the difference. A bronze mark at the left of a cell means the organizations differ on that row. A dash or “not published” means the organization does not disclose the fact; it is not a zero.
Verified September 2026
Professional association
Verified September 2026 NVCA
Firms that invest venture-stage risk equity capital in the United States, plus the service providers who work with them
Professional association
TMA
Professionals working in corporate restructuring, turnaround and distressed business: turnaround practitioners, restructuring lawyers, lenders, investors, accountants, appraisers…
What the records say
- Maximum age at joining: NVCA: No published maximum age at joining; TMA: NextGen membership is limited to new members aged 40 and under at the time of application.
- Minimum employees: NVCA: At least one full-time employee (or full-time equivalent) dedicated to private equity investing; TMA: No published minimum employees.
- Geographic restriction: NVCA: Must be investing or planning to invest risk equity capital in the United States; TMA: No published geographic restriction.
- Industry restriction: NVCA: No published industry restriction; TMA: Work in or around corporate restructuring, turnaround and distressed business: practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.
- Annual dues: NVCA: $500–35,000 a year; TMA: $475 a year.
Side by side
| NVCA | TMA | |
|---|---|---|
| Profile | ||
| Type | Professional association | Professional association |
| Founded | 1973 (Founding year of 1973 is reported by secondary reference sources; NVCA's own site does not state it on the pages checked) | 1988 |
| Headquarters | Washington, United States | Chicago, United States |
| Geographic footprint | United States, with offices in Washington DC and San Francisco | 54 chapters worldwide, 34 of them in North America; international chapters across Europe, Asia, Latin America, Africa and Australia |
| Members | Could not be independently verified: NVCA publishes a full member directory but no headline count; secondary sources cite figures between 400 and 460 member firms without a clear date | 10,000as of September 2026 |
| Chapters | Not publicly disclosed: NVCA has no chapter structure; it operates from two offices | 54 |
| Primary audience | Firms that invest venture-stage risk equity capital in the United States, plus the service providers who work with them | Professionals working in corporate restructuring, turnaround and distressed business: turnaround practitioners, restructuring lawyers, lenders, investors, accountants, appraisers and advisers |
| Typical member | Member organizations are venture partnerships, corporate venture groups, family offices, funds of funds and university or accelerator programmes that invest risk equity capital in the US. Membership is held by the firm rather than the individual. | TMA reports its membership as roughly 43% turnaround practitioners and advisers, 20% attorneys, 14% lenders and bankers, 3% investors and 20% other related professionals including receivers, appraisers, academics, government officials, judges and recruiters. Membership is individual only, not by firm. |
| Qualification | ||
| Maximum age at joining | No published maximum age at joining | NextGen membership is limited to new members aged 40 and under at the time of applicationAvailable for two years or until age 41, whichever comes firstverified September 2026 · source ↗ |
| Minimum employees | At least one full-time employee (or full-time equivalent) dedicated to private equity investingverified September 2026 · source ↗ | No published minimum employees |
| Geographic restriction | Must be investing or planning to invest risk equity capital in the United StatesOpen to non-US firms that invest into the USverified September 2026 · source ↗ | No published geographic restriction |
| Industry restriction | No published industry restriction | Work in or around corporate restructuring, turnaround and distressed business: practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultantsTMA does not publish a formal eligibility test for professional membershipverified September 2026 · source ↗ |
| Invitation required | No | No |
| Sponsor required | No | No |
| Application process | A firm submits an application form at nvca.org/nvca-application-form/ or contacts the membership team. Eligibility is checked against the risk-capital and staffing tests, and dues are set from the firm's committed capital band. There is no published interview or sponsorship step. | An individual joins through my.turnaround.org, choosing a membership category and a local chapter. Discounted categories (NextGen, government or academic, and student) require verification and are subject to approval. Membership runs for twelve months from enrolment on an individual anniversary cycle. |
| Selectivity | Not publicly disclosed: NVCA states eligibility criteria but does not publish acceptance or rejection data | Not publicly disclosed: membership is open to professionals in the field; only the discounted categories are described as subject to approval |
| Cost | ||
| Annual dues | $500–35,000 a yearStandard VC fund category, banded by committed capital across funds closed in the past ten years: $500 at $5M; $1,000 for $5M–$9.9M; $2,000–$6,000 for $10M–$99.9M (plus $500 per additional $10M); $10,000–$17,500 for $100M–$499.9M (plus $2,500 per additional $100M); $22,500–$32,500 for $500M–$999.9M; $35,000 and above for $1B+ (plus $5,000 per additional $500M)verified September 2026 · source ↗ | $475 a yearProfessional membership; includes membership of the member's local chapterverified September 2026 · source ↗ |
| Initiation fee | Not publicly disclosedverified September 2026 | TMA publishes two conflicting dues schedules on different pages; the Join & Benefits figures above are the ones consistent with its current chapter count. |
| Local chapter dues | Dues are firm-level and set from committed capital in funds closed over the previous ten years. | No separate chapter dues for professional members: local chapter membership is included in the professional rateverified September 2026 · source ↗ |
| Membership term | Annual | 12 months from enrolment, on an individual anniversary cycle |
| Structure | ||
| Meeting frequency | National events through the year, including the Strategic Operations and Policy Summit and the Leadership Awards Dinner; advisory committees meet separately | Local chapter programmes through the year plus TMA Annual, regional symposia and other conferences |
| Peer forums | No peer-forum structure; members organise through advisory committees and policy working groups | No confidential peer forums; members organise through chapters, committees and volunteer groups |
| Confidentiality | Could not be independently verified: no published confidentiality policy was found | Could not be independently verified: no published confidentiality policy was found |
| Time commitment | Not documented | Not documented |
| Organized as | Event-focused, Virtual | Chapter-based, Event-focused |
| Confidential peer forums | No | No |
| Local chapters | No | Yes |
| Virtual membership | No | No |
| Online community | Partial | Partial |
| Member directory | Yes | Yes |
| Events | Yes | Yes |
| Programming | ||
| Educational programming | Partial | Yes |
| Leadership development | Partial | Partial |
| Retreats | No | No |
| Travel | No | No |
| Family programming | No | No |
| Spouse and partner programming | No | No |
| Next-generation programming | No | Yes |
| Investment discussions | Partial | Partial |
| Investment opportunities | No | Partial |
| Philanthropic component | No | No |
| Networking emphasis | Medium | High |
| Social emphasis | Low | Medium |
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