Publications
& Policy

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

The Private Equity Confidence Survey has been tracking the changing sentiments of the Central European investment community every six months since 2003. Deloitte Central Europe proudly presents the latest report which marks the 35th edition of the programme.

Black Rock: 2019 was a positive year for global private equity performance, with most regions seeing rising returns as well as falling risk. In fact, every market operating below the risk/return trendline saw performance improvements during the year, with the exception of Eastern Europe and Russia.

In the context of a potential extension of the Temporary Framework to start ups, we call EU policymakers to explicitly authorise state aid schemes to businesses backed by venture capital and private equity. We describe why these viable companies are currently at risk of being considered "in difficulty", and hence excluded from the rules, due to the existing skewed state aid definitions.

In this position paper, we stress the importance of the Capital Markets Union project and call for the European Commission to make it easier for professional and sophisticated investors to commit capital into the asset class.

Invest Europe supported a joint industry letter on the consistent application of the DAC 6 deferral.

From July 2020 onwards, certain cross-border transactions need to be reported to national tax administrations under new EU mandatory disclosure rules.

In this response we encourage the European Commission to be extremely cautious about expanding the scope of the NFRD too widely and too quickly, taking into account the disproportionate impact this could have on non-listed companies and in particular SMEs. Any changes to the NFRD regime should be considered in light of proportionality, materiality and flexibility. A voluntary and gradual approach is preferred.

University of Oxford, Said Business School: PE is not a superior asset class that consistently delivers high returns to investors. The reported returns of PE funds are inflated due to a number of factors, and the true returns are much lower than commonly believed.

The Invest Europe Annual Report provides an overview of Invest Europe's activities during the last 12 months in fields including public affairs, data & research, events and communications. The report includes a financial statement.