About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
News & opinion
Opinion
Share

Connections to help achieve Capital Markets Union

08 Jun 2015

Private equity connects institutional investors with capital to businesses in need of funding and expertise. Discussions on June 8 in Brussels are an opportunity to position private equity as a critical piece of the European economy before the Commission finalizes its blueprint for Capital Markets Union.

The public hearing entitled “Next steps to build a Capital Markets Union” in Brussels is an important moment in the creation of a single European market for capital. The conference marks the end of the listening phase in this key project and marks the start of the reflection phase, during which Europe’s top policymakers will put together an action plan. In September we should know the specific priorities for this important initiative that will define the remainder of the mandate of this Commission.

Invest Europe has already made a detailed response to the Commission’s consultation document, which put private equity and venture capital at the heart of the Capital Markets Union discussion. The event is another chance for our industry to connect with Commissioners, senior officials and parliamentarians to stress the importance of long-term private investment funds to the European economy.

We will be hammering home the point that private equity and venture capital provides an essential link between investors and small and mid-sized companies. What’s more, the industry provides value through operational expertise and international market access.

Private equity needs to be able to raise long-term capital from institutions like pension funds and insurers without restrictive capital requirements. So we are calling for the Commission to re-open the debate on Solvency II and reduce the risk weighting for private equity. We also want a marketing passport that allows firms to raise capital across borders, without the charges and other hurdles that are appearing in some member states.

We want AIFMD and EuVECA rules that allow private equity and venture capital to invest across Europe without excessive charges or red tape. The tax regime also needs to be fair and supportive for businesses.

We also want the IPO market to function better, with lower costs and less paperwork for small and medium-sized businesses that want to list on exchanges. Institutional investors need incentives to back these companies.

Capital Markets Union is a big idea which aims to give companies more funding options and create a more resilient financial market. It is also major test for policymakers who want to show that Europe’s institutions can be a positive force for individuals and businesses across the Union.

We can already see the Commission is taking a pragmatic approach by focusing on practical measures that could truly make a difference to European businesses. Jonathan Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union, addressed Invest Europe CFO Forum earlier in June and stressed that policymakers are focused on “better regulation” – as opposed to more regulation.

As Capital Markets Union evolves, we will continue to support it as a means of supporting private equity and venture capital to make critical connections between global investors and European companies.

Michael Collins, Deputy Chief Executive and Public Affairs Director, EVCA 

Want to discuss?

We are always keen to hear from you.

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.