Publications
& Policy

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.

University of North Carolina, University of Virginia, University of Oxford, University of Chicago: "The authors provide an overview of the main accomplishments of private equity since the emergence of leveraged buyouts in the 1980s, and of the challenges now facing the industry."

In this consultation response, we emphasise the importance of respecting the principles of proportionality, materiality and flexibility, and the need to avoid a one-size-fits-all approach. In addition, we urge the European Supervisory Authorities to recognise the lack of available data for non-listed companies, in particular SMEs, and the limited relevance of many proposed indicators given the large diversity of economic sectors invested in by PE/VC funds.

In just a few years, ESG, also known as sustainable or responsible investing, has moved from a slightly idealistic niche to front-page, a mainstream dimension for investors, one that strongly influences the performance and resilience of their investment over time. This is particularly the case in infrastructure, in view of its wide-reaching and long-term consequences for the community. What sets aside this report from other compendiums is the rich variety of examples and illustrations drawn from LTIIA members' collective experience, reflecting their specific challenges, the management practices, and proprietary methodologies they developed to manage and address them.

In this response we explain why ESMA should take into consideration the nature of private equity funds and their characteristics, including the absence of a risk of fire sales, when preparing Guidelines on limits national competent authorities can impose on their use of leverage.

Coronavirus has created huge challenges for learning, and EdTech is offering solutions. London is a major European EdTech hub, and has notable potential for growth.

University of Munich: "We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies."

In this consultation response, Invest Europe has shared the industry's views on the European Commission's Renewed Sustainable Finance Strategy. Particular areas of focus were fiduciary duties, remuneration, financial stability risk, short-termism and due diligence.

Invest Europe report on private equity and venture capital markets of Central and Eastern Europe in 2019 and prior years.

In this consultation response, Invest Europe has expressed its support for the proposed amendments but has raised some concerns with the way MiFID has been implemented in certain countries, in particular in relation to what has been considered as “marketing”.

In this consultation response, Invest Europe welcomes the Commission’s high-level, principles-based approach to integrate sustainability into the AIFMD Delegated Acts. In light of the diversity among market practitioners, it is crucial to avoid a one-size-fits-all approach and to strive for appropriate rules that are practical, workable and proportionate, as such avoiding imposing unnecessary, additional burden on AIFMs.

In this consultation response, Invest Europe welcomes the high-level, principles-based approach adopted by the European Commission. It provides a level of proportionality and flexibility, which is key to enable financial market participants to implement the new requirements in a way that is in line with their business needs and supports the needs of their individual portfolio companies.

In this consultation response, Invest Europe welcomes the envisaged increased transparency by national competent authorities on national marketing requirements for AIFs and the levying of regulatory fees and charges. That said, Invest Europe does call on ESMA to make sure that these new disclosure obligations do not lead to additional administrative and/or reporting requirements being imposed on fund managers.

Private equity dealmaking slowed during the onset of the COVID-19 pandemic. M&A will likely rebound as the economy recovers, with a focus on value creation and strategic investing opportunities