Publications
& Policy

In this paper the European private equity industry welcomed the comprehensive evaluation undertaken by the European Commission and wholeheartedly agrees with its conclusion that the AIFMD is working well, and that the review should focus on targeted improvements. It also suggests changes to delegation and reporting requirements for these to maintain strong standards on financial stability and investor protection while not impacting the ability of private equity firms to support businesses.

Brand new analysis of Venture Capital and Private Equity statistics, looking at the transaction value of investments into European companies.

"Representing approximately €220 billion in capital, the team analyzed 29 key LPA terms and conditions from 80+ European buyout funds and 35+ venture capital funds raised in the last 15 months. The funds were all either specifically focused on Europe or had Europe as a core geography in their investment strategy."

Journal of investment management: Analysis of PE transparency in the US before and after the implementation of the ASC 820.

Belgium PE firms are increasingly adopting ESG principles into their investing strategies 

At the request of the European Supervisory Authorities, which are seeking evidence ahead of the upcoming review of the KID-PRIIPS framework, this response calls for specific changes to the scope of application of the Key Information Document (the "KID"), including, for example, the definition of what is considered “made available”.

During this Members' Policy Call European Commission Director Ugo Bassi shed light on the Commission's proposal to amend the Alternative Investment Fund Managers Directive (AIFMD).

In this response we call for adjustments to the EU State Aid Framework. We highlight concerns with the existing definitions of undertakings in difficulty and small and medium enterprises - which do not reflect specificities of private equity and venture capital backed businesses. We also call for specific adjustments to the risk finance aid framework.

Listen to the launch webinar of the third part of the Invest Europe Climate Change Guide.

Invest Europe CEO, Eric de Montgolfier, was a key guest at the Annual Conference of the European Capital Markets Institute on December 2nd, 2021. During the event, entitled “Private equity and the Capital Markets Union”, he spoke about the crucial role our industry plays in supporting European businesses, describing how EU regulation can help private equity support the twin digital and green transition. His intervention focused on the different legislative initiatives the European Commission could take to incentivise private capital, from the review of the AIFMD fund marketing passport to changes to be brought to the prudential legislation covering institutional investors such as insurers (Solvency II) and banks (CRR). He also called for a review of the MiFID investor categorisation rules and welcomed the review of the voluntary ELTIF passport aimed at opening the market to some types of retail investors.

Find a backer for your business - How intellectual property can boost access to financing from private equity investors.

“This report has been produced by the BVCA to demonstrate the returns generated for investors by our members to 31 December 2020 and to compare these returns to equivalent investments in the UK public equity markets – using the FTSE – All Share Total Return as the benchmark index.”

In this speech Invest Europe CEO Eric de Montgolfier described which changes to the Capital Requirements framework are warranted to ensure that banks are allowed to invest into long-term and diversified funds such as private equity

In this new letter to the European Commission, Invest Europe expresses its concerns about the Final Report on SFDR from the European Supervisory Authorities (ESAs). In particular, we refer to the significant new legal risk that certain of the ESAs’ changes create for closed-end funds and ask the Commission to address this before putting forward its legislative proposal to the co-legislators.

A forward-looking Market Sentiment Survey capturing the views of 250 private equity managers and investors on the future of the industry in the context of COVID-19.