The European Long Term Investment Funds (ELTIF) framework, if not currently successful, has the potential to become a relevant tool in the future if it appropriately takes into consideration the needs of private equity managers. In this response we detail which changes would increase the take-up of this voluntary retail passport: broadened eligible assets, opening to fund-of-funds and requirements that are more tailored to the specificities of long-term, closed-ended funds.
Over the years EU Risk Finance Guidelines allowed many start-ups and scale-ups to benefit from state aid support. While we note that the current regime is broadly appropriate, we suggest in this response a few changes that could be introduced to the Guidelines to make it easier for innovative companies to be eligible when owned by private equity.
In this short response we express our concerns with several of the changes suggested by EIOPA to the criteria defining the ability of insurers to set up long-term equity portfolios (Art 171a of Delegated Regulation). These portfolios are subject to more appropriate capital charges for investments such as those made in private equity and venture capital funds.
Invest Europe contributed to AFME's report tracking the recent progress of the Capital Markets Union (CMU) project through seven Key Performance Indicators (KPIs).
Solvency II risk weights have a major influence on the insurers’ ability to support, among others, start-ups through venture capital funds, scale-ups through growth capital funds or large-scale infrastructure projects through infrastructure funds. In this response, we argue that, for the benefit of both insurers and of the companies they can indirectly invest into, criteria of the new long-term equity category must be further tailored to ensure insurers in all EU countries are able to make use of it.
In this consultation response, Invest Europe has mainly focused on the lack of tailoring in the disclosure templates to specific asset classes, such as PE/VC, and the need to avoid a one-size-fits-all approach. We have also used this opportunity to reiterate our concerns around the scope of the Article 8 SFDR perimeter.
A Q&A document addressing the potential implications of the UK leaving the EU for private equity firms, their investors and their portfolio companies.
This presentation (and its appendix) describes the features of and conditions for access to the European Guarantee Fund set up by the European Investment Fund. Please note that this presentation is not legally binding and is for guidance only.
In this response we detail to the European Commission increasing concerns Invest Europe members have regarding the loss of protections when investing across border due to the suppression of the BIT system.
This response calls the EBA to introduce targeted changes to some of its technical measures to implement the prudential and remuneration rules that apply to MiFID investment firms (and which could create a precedent in an AIFMD context). Areas on which this response focuses include double-counting of assets when determining the firm’s capital requirements, the staff that is deemed to have a material impact on the firm’s risk profile and alternative arrangements that may be used to pay variable remuneration.
Martin Bresson
Public Affairs Director
Erika Blanckaert
Senior Public Affairs Manager
Christophe Verboomen
Public Affairs Manager
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.
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.
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.
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.
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 cookiesThis is for members only. To view in full login or join Invest Europe today.
Find out more