Publications
& Policy

A briefing paper on why global choice is vital for Europe’s investors.

The EVCA responded on behalf of the PAE to the European Commission consultation on the development of a Capital Markets Union over the next five years. The response contains the EVCA position on various issues such as AIFMD, EuVECA, institutional investors' legislation (Solvency II, IORP, Banking Structure), private placement regimes, ELTIFs, taxation, company law, role of the supervisory authorities and the idea of a venture capital fund-of-funds.

The EVCA response on behalf of the PAE to the European Commission consultation on the review of the Prospectus Directive stating that Prospectus requirements can create barriers or hurdles at the fundraising and exit stages and can therefore act as a disincentive for European private equity when investing into European companies. The EVCA also advocates for a full exemption from the Prospectus Regime for EuVECAs.

EVCA response to EIOPA’s Discussion Paper on Infrastructure Investments by Insurers. The Discussion Paper explores the possibility to introduce a specific standard formula treatment for infrastructure investments and ensure a more risk-sensitive treatment of the asset class.

Creating jobs and growth in European capital markets.

A closer look at marketing under national placement rules across Europe.

A study conducted by Greenwich Associates for the EVCA into European pension fund perceptions of private equity.

This table provides an overview of the applicable fees and charges for EU AIFMs intending to exercise marketing passport rights into the EEA and to market on a cross-border basis (“passport”) into the relevant jurisdictions.

EVCA-PAE Response to the broad consultation regarding Level 2 measures of the Markets in Financial Instruments Directive and Regulation, the EU framework legislation on securities markets (MIFID2/MIFIR).

The objective of the Capital Markets Union (CMU), the Financial Services Commissioner's Flagship Initiative, is to reduce Europe’s reliance on bank lending in order to drive investment and growth. The aim in the short term is to unlock the availability of credit and, in the longer term, to support a more diverse, competitive and free-flowing financial system. The Green Paper launches a Consultation.

This is a joint response issued by the PAE and Private Equity Growth Capital Council (PEGCC) to the OECD Base Erosion and Profit Shifting (BEPS) Consultation on Action 4- interest deductibility. The response outlines how interest deductions are carried out in a private equity context and explains why any limit on the current rules would be harmful for financing the real economy.

This Consultation Paper constitutes the first step of the further work on solvency of IORPs that EIOPA is undertaking on its own initiative. The work of EIOPA on this issue could have implications for the definition of future capital requirements for pension funds.

This consultation aims to get the views of stakeholders on how alternative investment funds such as private equity should be treated under any new rules on the operation of bilateral tax treaties.

Elements of the response to to European Securities Markets Authority (ESMA) on its Call for Evidence related to AIFMD and the establishment of a passport for third-country funds.

Elements of the response to to European Securities Markets Authority (ESMA) on its Consultation related to EuVECA are dealing with conflicts of interest for EuVECA managers