Publications
& Policy

This Q&A addresses the treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs, flagging that clarification should be brought to such treatment to ensure that exposures to closed-ended funds are not given a risk weight that is not appropriate to the risk it poses.

“…a close look at the performance of the private equity industry given its rising share of institutional and individual portfolios… We examine manager dispersion, benchmarks, co-investing, GP-led secondary funds, the torrid pace of industry fundraising and manager fees in this year’s piece.”

This webinar focused on diversity in the private equity and venture capital industry.

In this paper Insurance Europe and Invest Europe jointly present their suggestions on how to allow insurers to commit capital into long-term funds such as private equity ones. The document also gathers specific changes to the criteria of the Solvency II recently introduced long-term equity category.

"Europe’s brightest tech stars present a blueprint detailing how the continent can grow 10 technology companies valued at over €100bn by 2030."

Includes analysis on: private equity in 2020; ESG in private equity; portfolio company talent decisions; SPACs; Classic Buyouts.

Detailed evidence and analysis of the European private equity and venture capital industry’s real contribution to employment, in 2019, and job creation, in 2018-19, and the far-reaching impact this has on the people, societies and economies of Europe.

In this response we share our view that ESMA has generally had a positive role on supervisory convergence, although it should not necessarily receive new powers. We also comment that some changes could be made to the ESAs governance to make it able to take decisions in gold-plating cases (like AIFMD fees and charges) and that direct supervision is generally not welcomed.

In this consultation response, which is part of our ongoing efforts on seeking clarification on the application of SFDR, we have stressed the importance of ensuring coherence and alignment between different levels of reporting under EU law and asked the European regulators to introduce an element of proportionality into the reporting of Taxonomy alignment by asset managers.

University of St. Gallen: "We find that limited partners overweigh their investments with fund managers domiciled in the same geographical region by 45% on average. The home bias in local fund manager selection holds across investor types, fund characteristics as well as market regions."

The Invest Europe Annual Report provides a comprehensive overview of our activities across arguably our most challenging year yet: 2020. Whether in Political advocacy, Industry Data & Research, Communication, Conferences & events, Industry excellence & training and Finance & administration, our secretariat has been hard at work to address and pre-empt members’ needs.

The most comprehensive analysis of fundraising, investment and divestment trends with data on more than 1,600 European private equity and venture capital firms, the 2020 statistics cover 89% of the €708bn in capital under management in Europe.

In this response we reminded the European Commission about the importance of making changes to the investor categorisation, we explained the relevance of the ELTIF framework and we provided our support to rules that appropriately take into consideration both the nature of investors and of the funds that are marketed to them.

In this response, we have shared our views on the European Commission’s initiative to review the VAT rules for financial services. We stressed that the European Commission must preserve and strengthen the VAT exemption for fund management, as it is essential for EU based private equity funds, and the EU economy and EU businesses depending on their investments.

"Private equity firms have increased their participation in the US health care system, raising questions about incentive alignment and downstream effects on patients."