About private equity
How private equity invests in privately-owned businesses, supports jobs and creates prosperity.
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Novago
Building a Polish waste management leader
12 Nov 2019
Mykogen
Building Central and Eastern Europe’s leading substrate producer
12 Nov 2019
DPA Microphones
Amplifying one of Europe’s most innovative audio-visual businesses
02 Jul 2019About us
We represent Europe’s private equity, venture capital and infrastructure industry.
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Find all policy-related Invest Europe publications, such as member guides and briefings, consultation responses and position papers.
Response to EFRAG Consultation on Equity Instruments – Impairment and Recycling
Invest Europe-PAE
This consultation response explains that problems may arise as under the new standard, unrealised gains/losses would be immediately reflected in the Profit and Loss Statement (P&L). We propose flexibility to allow recycling for investors, i.e. to recognize unrealized gains and losses in Other Comprehensive Income and then recycle to the P&L, or if it wished to recognize unrealized gains and losses in the P&L straight away, then this would avoid unrealised gains/losses being immediately reflected in the P&L while not enabling the investor to use recycling as an earnings management tool.
Position paper on the prudential treatment of investment firms
Invest Europe-PAE
This position paper raises the concerns of private equity firms holding MiFID license regarding the new prudential regime proposed by the European Commission. It suggests that the new regime will lead to a significant increase in capital requirements for these investment firms, which is not proportionate to the risk they pose.
Position Paper on the cross-border distribution of funds legislation
Invest Europe-PAE
In this position paper, we welcome the European Commission's targeted amendments to AIFMD, ELTIF and EuVECA to reduce regulatory barriers to the cross-border distribution of investment funds in the EU but stress that the proposed Directive and Regulation are insufficiently tailored to the private equity and venture capital asset class, in particular regarding the definition of pre-marketing.
2018 Handbook of Professional Standards
Invest Europe
A comprehensive and up-to-date set of standards and guidelines for the private equity industry. Includes the Invest Europe Code of Conduct and Investor Reporting Guidelines.
Letter on Brexit transition period
Invest Europe-PAE
This letter stresses the importance for the private equity industry of transitional arrangements between the United Kingdom and the European Union after March 2019. It calls for a transition period that would guarantee the continuity of investment into the EU economy, avoid any cliff edge and allow the industry to adapt properly to new long-term arrangements.
Response to Commission Consultation on AIFMD supervisory reporting
Invest Europe-PAE
This consultation response has been written from a pure AIFMD perspective, outlining in great detail the issues private equity fund managers are facing with the Directive’s requirements in the field of registration, notification and supervisory reporting. Special attention is paid to the divergent application and implementation of the Annex IV requirements.
Evaluation of the AIFMD
Europe Economics
This Europe Economics report commissioned by Invest Europe shows the impact that the Alternative Investment Fund Managers Directive (AIFMD) has had on private equity fund managers, their investors and the real economy since its entry into force in July 2013.
Response to Commission consultation on institutional investors and asset managers' duties regarding sustainability
Invest Europe-PAE
In this response, Invest Europe has confirmed its support for the European Commission’s work in this field, recognising the fiduciary duty of institutional investors and asset managers to incorporate sustainability factors in their investment decisions and monitoring. However, we feel it is important to maintain a certain level of discretion and flexibility, as it will be up to asset managers and investors themselves to decide and agree on how they do this given they might have different (responsible) investment approaches, clients and beneficiaries, and operate under different (national) legislation.
Response to Commission Consultation on SME listing
Invest Europe-PAE
In this response, the private equity industry supports the European Commission’s initiative to reduce the burden of public offering for smaller firms, noting that these firms are often discouraged from seeking to launch an Initial Public Offering (IPO) on public markets given the amount of requirements they are subject to.
Response to EIOPA second set of advice on Solvency II risk weights
Invest Europe-PAE
The consultation launched in November 2017 is EIOPA’s final step to reassess the treatment of unlisted equity in the context of Solvency II review. This response reiterates our concern that the current 39% risk charge for private equity does not reflect the actual risk insurers face when investing in the asset class. It suggests therefore that a sub-category of asset should be created to allow for a more appropriate risk calibration. It also underlines that in setting a sound regulatory framework for risk calibration, it is critical that the approach taken reflects the way in which exposure to private equity is achieved by insurers.
Meet the team
Public Affairs
Erika Blanckaert
Public Affairs
Senior Public Affairs Manager
Simon Tosserams
Public Affairs
Senior Public Affairs Officer
Christophe Verboomen
Public Affairs
Senior Public Affairs Officer