Publications
& Policy

The most comprehensive analysis of fundraising, investment and divestment trends with data on more than 1,600 European private equity and venture capital firms, the 2020 statistics cover 89% of the €708bn in capital under management in Europe.

In this response we reminded the European Commission about the importance of making changes to the investor categorisation, we explained the relevance of the ELTIF framework and we provided our support to rules that appropriately take into consideration both the nature of investors and of the funds that are marketed to them.

In this response, we have shared our views on the European Commission’s initiative to review the VAT rules for financial services. We stressed that the European Commission must preserve and strengthen the VAT exemption for fund management, as it is essential for EU based private equity funds, and the EU economy and EU businesses depending on their investments.

"Private equity firms have increased their participation in the US health care system, raising questions about incentive alignment and downstream effects on patients."

In our response to the European Commission feasibility assessment on the establishment of an SME Referral Scheme we express our concerns around the functioning and benefits of such a scheme. We outline the characteristics that make PE and VC funding different to justify why this type of funding is not interchangeable with bank financing and why we fear the scheme could give this mistaken idea to SMEs. Therefore, even though we fully support the objectives of increasing funding options and awareness of PE and VC funding for SMEs we do not believe a referral scheme would be the best way to do so.

In this webinar Stephen Ziff, Partner & Co-Head of Investor Relations and Fundraising at Coller Capital, moderated a discussion on the impact on organisations, how private equity is adapting to this changing paradigm and how investors are effectively deploying capital in the current environment.

"The Association for Financial Markets in Europe (AFME) has launched a report highlighting the need for financial institutions to have access to consistent non-financial reporting from corporates to be able to support the transition to a low-carbon economy."

In this response, we have stressed that funds and fund managers should not be included in the scope of a potential digital levy proposal, and that a potential EU proposal should be consistent with OECD work and not be pushed forward while work is still ongoing on OECD proposals.

University of Pennsylvania, University of Chicago, Georgia State University: "We draw on new data and theory to examine how private market contracts adapt to serve multiple goals, particularly the social-benefit goals that impact funds add to their financial goals."

As investors in innovative and high-growth companies and start-ups, we find it crucial that a tax regime for the 21st century encourages and supports the innovation and research needed for the green and digital transition and the recovery of the European economy after the COVID-19 crisis.

In this response, we have shared our views on the European Commission’s initiative to increase convergence of national insolvency laws to encourage cross-border investment. From an investors’ perspective, we believe that harmonised rules offer transparency and clarity across the EU market and should be the goal in the long term.

A report by Georg Inderst, infrastructure expert, member of LTIIA Advisory board & Adviser to institutional investors & international organizations. It discusses key issues around the mobilization of private capital for development. External finance for developing countries stagnated in the years before the pandemic, followed by a major setback in 2020/2021.

Maaike van der Schoot (AlpInvest Partners), Erwann Le Ligné (Eurazeo), Patrick Sheehan and Rob Genieser (ETF Partners), and Cilia Holmes Indahl (EQT) joined our launch webinar on 15 March to shed more light on the new Invest Europe Climate Change Guide.

Guidelines on sound variable remuneration will apply to all MiFID investment firms, although some rules will be waived below a defined threshold. In this response we reiterate the importance of protecting the carried interest model while flagging some technical concerns we have with some sections of the Guidelines, including on the definition of the thresholds.