Publications
& Policy

Invest Europe’s response supports the drive for simplification, proportionality, and interoperability, while underlining the importance of clarifying the treatment and expectations for private equity and venture capital (PE/VC) and better reflecting investor needs within the standards to ensure these are both practical and decision-useful.

In this response Invest Europe argues for more streamlined reporting requirements for fund managers subject to AIFMD "Annex IV" obligations. It comments on ESMA's approach to integrated reporting, arguing against harmonisation with UCITS.

The latest State of CVC 2025 report from SVB & CounterClub.

World Bank: This publication presents the World Bank’s most comprehensive assessment of investment in emerging and developing economies. It examines why investment matters, why it has stalled, and what it will take to revive it. The analysis highlights that countries that have successfully triggered investment booms combined sound macroeconomic frameworks with reforms that improved the business climate, strengthened governance, and mobilized private capital.

The results of the analysis conducted by AIFI, in collaboration with PwC Italia, show that the first half of the year the recorded total funding of €1,703 million represents a 40% decrease compared to the first half of 2024, when some significant closings had been completed.

Eurazeo shares its practical experience from the perspective of mid-market companies all across Europe, present its convictions and its investment thesis focused on innovation with a European impact, challenge received ideas that often remain in the minds of international investors and contribute, through its proposals, to the transformations in progress.

During this fourth session of our Impact Investing webinar series, we focused on the theme of value creation.

In its response, Invest Europe advocates for clarifying eligibility of bank co-investments under legislative programmes, avoiding distortions between public-backed and private funds, and urgently revising CRR rules to distinguish between diversified fund investments and direct equity exposures, ensuring more proportionate risk weights that better reflect actual investment risks.

The first half of 2025 of the Venture Capital Monitor (VeM) research report on venture capital transactions in Italy was conducted by the Venture Capital Monitor (VeM) Observatory at LIUC – Università Cattaneo, together with AIFI and implemented thanks to the contribution of Intesa Sanpaolo Innovation Center and KPMG and the institutional support of CDP Venture Capital SGR and IBAN, with the aim of developing ongoing monitoring of early-stage institutional activity in Italy.

Invest Europe responded to the Review of Solvency II technical rules consultation, advocating for revisions to ensure insurers can include non-substantially leveraged private equity, venture capital, and infrastructure funds in the long-term equity category without complex look-through, to boost insurer take-up and unlock long-term capital for EU innovation and growth.

In this response, we emphasised that climate resilience is vital for protecting assets, ensuring market stability, and unlocking new opportunities in a climate-volatile world. By addressing financing gaps, regulatory hurdles, and scaling innovative solutions, strategic adaptation investments can strengthen markets and drive sustainable growth. This submission forms part of Invest Europe’s engagement through the Climate Resilience Reflection Group.

Invest Europe responded to the Review of the Merger Guidelines General Consultation, advocating for clearer and expanded safe harbours, well-defined presumptions, and explicit recognition of private equity’s distinct structures and incentives, to ensure proportionate, predictable, and cost-efficient merger control that supports EU investment, innovation, and SME growth.

Find out more about the terms we use across our key publications, the scope of our statistics, and the criteria for fund inclusion and exclusion.

Invest Europe is committed to upholding integrity and ethical conduct in all its activities. To support this, the Association has established a whistleblowing policy that enables employees, Board members, and other individuals with a contractual relationship to confidentially report any actual or suspected breaches of statutory or regulatory rules. The policy ensures protection against retaliation and outlines clear procedures for reporting, in line with the Belgian Act of 28 November 2022 and the EU Directive 2019/1937. It encourages open communication and reinforces the Association’s dedication to good governance and business ethics.

Invest Europe responded to the EC targeted consultation on supplementary pensions, calling for the removal of restrictions to pension funds’ investments in our asset class. This response is part of a general charge against EU rules that prevent the ability of our members to raise funds from institutional investors. We argue that there is a natural alignment between the long-term liabilities of pension funds and the long-term outlook of unlisted funds – making pension funds the best placed to be investors in EU businesses through these funds. We suggest that the prudent person principle under Article 19 should not be interpreted in a way that discourages or indirectly restricts investments in long-term assets that contribute to innovation and economic growth.