Publications
& Policy

The PAE responded to this Discussion Paper of the European Banking Authority, stressing that the approach taken by the EBA failed to recognise the prudential risk posed by private equity managers and advisers when they conduct MiFID activities and could significantly raise the capital and liquidity requirements they are currently subject to under CRR.

The joint response from Invest Europe and the American Investment Council focuses on amendments to the draft examples in the commentary on the Principal Purposes Test (PPT) to be included in the updated Model Tax Convention.

This PAE response to a European Commission Consultation outlines the main concerns of the private equity industry with the definition of leveraged transactions, in particular the assumption that a transaction involving a private equity backed company should always be seen as leveraged and the treatment of infrastructure loans.

This Invest Europe response calls for the determination of simpler thresholds for the EU Merger regime.

The private equity industry has evolved rapidly over its relatively short history mirroring the increasingly complex relationships between General Partners (GP) and Limited Partners (LP).

Historically the industry has shown remarkable resilience when it comes to changing the fees that investors pay to managers. The terms on how GPs and LPs connect have changed, but have the fee structures evolved too? Is the industry broadly sticking to the 2/20 fee model or are some actors adopting contrary positions? If variances exist, are these also impacting fundraising and performance?

The latest paper from the Adveq Applied Research Series aims to answer these questions and more.

MERCER: Comprehensive overview of investment strategy across the European pension industry, and emerging trends in the behaviour of institutional investors.

This paper, based on the response to the Commission Consultation on the cross-border distribution of investment funds, has for objective to summarise the key issues faced by the European private equity industry with the existing passporting framework.

An Invest Europe briefing paper outlining the key requirements to facilitate and encourage investment in European infrastructure via infrastructure funds.

This PAE response to a European Commission Consultation outlines the main barriers faced by private equity and venture capital fund managers when marketing their funds cross-border. The response focuses in particular on marketing requirements, costs, regulatory fees and taxation barriers. The consultation is part of the Commission's efforts to build a Capital Markets Union in Europe.

A practical guide for pension funds on why and how to invest in private equity and venture capital. Also includes an overview of the benefits and risks involved in private equity and venture capital investments, and the different ways for institutions to access the asset class.

This joint response, with the American Investment Council, outlines why private equity firms and funds do not give rise to policy concerns regarding asset management activities, in particular when it comes to leverage and organisational requirements.

An Invest Europe study into private equity activity in Central and Eastern Europe. This report provides annual private equity and venture capital fundraising, investment and divestment statistics for the private equity markets of the CEE region in 2015.

The Ohio state university: The liquidity cost paid investors in PE is high.