Publications
& Policy

Solvency II is a review of prudential regulation for the European insurance industry. These Commission Delegated Acts define the risk weighting for different asset classes, including private equity, venture capital and infrastructure funds.

EVCA Response to the White Paper ‘Towards more effective EU merger control’ published by DG Competition (European Commission) relating to EU Merger Regulation

International Financing Reporting Standards on Consolidated Financial Statements (IFRS 10) are developed by the IASB. The EVCA responded to IASB's Exposure Draft Investment Entities applying the Consolidation Exception, expressing the industry’s views and concerns about the proposed revisions.

The response also contains an Appendix.

An EVCA study into private equity activity in Central and Eastern Europe. This report provides annual private equity and venture capital fundraising, investment and divestment statistics for the private equity markets of the CEE region in 2013.

A report presenting aggregate investment performance data for various types of European private equity funds, based on a survey of private equity fund managers across Europe.

Position Paper on the European Commission proposal for a regulation on structural measures improving the resilience of EU credit institutions

The Annual Report provides an overview of the EVCA's activities during the 12 months to June 2014 in fields including public affairs, data & research, events and communications. The report includes a financial statement.

A closer look at the AIFMD depositary regimes across Europe.

Communication on long-term financing of the European economy

"We reconcile the major approaches in the literature to benchmark cash flow-based returns of private equity investments against public markets, a.k.a. 'Public Market Equivalent' methods. We show that the existing methods to calculate annualized excess returns are heuristic in nature, and propose an advanced approach, the 'Direct Alpha' method"

EVCA position paper on the European Commission proposal for a Directive on enhanced cooperation implementing a Financial Transaction Tax.

An introduction to the European Venture Capital Fund Regulation.

The conventional wisdom for investors in private equity funds is to invest in partnerships that have performed well in the past. This is based on the belief that performance in private equity persists cross funds of the same partnership. We present new evidence on the persistence of U.S. private equity (buyout and venture capital) funds using a research-quality dataset from Burgiss, sourced from over 200 institutional investors.

Proposal for a Regulation of the European Parliament and of the Council on structural measures improving the resilience of EU credit institutions.