Publications
& Policy

In this short response we express our concerns with several of the changes suggested by EIOPA to the criteria defining the ability of insurers to set up long-term equity portfolios (Art 171a of Delegated Regulation). These portfolios are subject to more appropriate capital charges for investments such as those made in private equity and venture capital funds.

The H1 2020 activity data report provides a semi-annual review of fundraising, investment and divestment trends for European private equity and venture capital activity. Please note that this data is preliminary and subject to change.

Bain & Company: Given all that is changing post–Covid-19, few investment strategies are immune to disruption.

"This report documents the impact of Swedish private equity funds on the companies they invest in and the Swedish economy in total."

Invest Europe contributed to AFME's report tracking the recent progress of the Capital Markets Union (CMU) project through seven Key Performance Indicators (KPIs).

Invest Europe has produced a private equity data reporting guidance, based on the standard reporting template TPT 5.0. It is intended to help private equity managers to report data to their insurance investors in accordance with the new reporting requirements.

Solvency II risk weights have a major influence on the insurers’ ability to support, among others, start-ups through venture capital funds, scale-ups through growth capital funds or large-scale infrastructure projects through infrastructure funds. In this response, we argue that, for the benefit of both insurers and of the companies they can indirectly invest into, criteria of the new long-term equity category must be further tailored to ensure insurers in all EU countries are able to make use of it.

In this consultation response, Invest Europe has mainly focused on the lack of tailoring in the disclosure templates to specific asset classes, such as PE/VC, and the need to avoid a one-size-fits-all approach. We have also used this opportunity to reiterate our concerns around the scope of the Article 8 SFDR perimeter.

A Q&A document addressing the potential implications of the UK leaving the EU for private equity firms, their investors and their portfolio companies.

Investment firms holding a MiFID license, including private equity firms that choose to offer MIFID services such as investment advice, are subject to capital and remuneration requirements. These requirements, formerly set in the banking legislation CRD/CRR, are now detailed in the Investment Firms Directive and Regulation.

Invest Europe’s report on benchmarking public and private markets investments analyses the different metrics available for measuring private equity fund performance. It identifies the strengths and weaknesses of the internal rate of return (IRR), multiple of invested capital (MOIC) and public market equivalent (PME).

Invest Europe’s 2019 private equity performance benchmark report measures European private equity returns against relevant stock market indices, as well as private equity funds from North America and the rest of the world on a range of metrics.

Invest Europe provides, for the first time, detailed evidence and analysis of the European private equity and venture capital industry’s contribution to employment, in 2018, and job creation, in 2017-18, in Europe.

Ahead of the Investors' Forum – Virtual, taking place on 13-14 October, Patricia Volhard, Partner at Debevoise & Plimpton LLP, hosted this webinar on new ESG rules.