Publications
& Policy

In this response, we shared our views on the European Commission’s initiative to mitigate a potential debt-equity bias induced by taxation. We notably stressed that the differences between the tax deductions of costs related to debt vs. equity should be dealt with in a way that allows for more deductions – not fewer. Thus, we are happy to support the idea of introducing an equity allowance.

University of British Columbia & Stanford University: With production supported by Invest Europe, this paper looks at the Economic Impact of Venture Capital in the USA.

A transparent study of private equity returns. The findings show that European private equity strongly outperformed listed equity benchmarks to the end of 2020, underlining the industry’s resilience during the COVID-19 crisis and its consistent ability to support the long-term investors that guarantee the pensions and savings of European citizens.

"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 37th edition of the programme."

This Member Policy Call gave insight in what is in the pipeline on the European and global tax agenda, and how this may affect your business.

Invest Europe report on private equity and venture capital markets of Central and Eastern Europe in 2020 and prior years.

This letter, as for the Q&A to the EBA, addresses the treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs.

This Q&A addresses the treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs, flagging that clarification should be brought to such treatment to ensure that exposures to closed-ended funds are not given a risk weight that is not appropriate to the risk it poses.

“…a close look at the performance of the private equity industry given its rising share of institutional and individual portfolios… We examine manager dispersion, benchmarks, co-investing, GP-led secondary funds, the torrid pace of industry fundraising and manager fees in this year’s piece.”

This webinar focused on diversity in the private equity and venture capital industry.

In this paper Insurance Europe and Invest Europe jointly present their suggestions on how to allow insurers to commit capital into long-term funds such as private equity ones. The document also gathers specific changes to the criteria of the Solvency II recently introduced long-term equity category.

"Europe’s brightest tech stars present a blueprint detailing how the continent can grow 10 technology companies valued at over €100bn by 2030."

Detailed evidence and analysis of the European private equity and venture capital industry’s real contribution to employment, in 2019, and job creation, in 2018-19, and the far-reaching impact this has on the people, societies and economies of Europe.

In this response we share our view that ESMA has generally had a positive role on supervisory convergence, although it should not necessarily receive new powers. We also comment that some changes could be made to the ESAs governance to make it able to take decisions in gold-plating cases (like AIFMD fees and charges) and that direct supervision is generally not welcomed.