Publications
& Policy

Now in its fifth year, Invest Europe’s Capital Under Management & Dry Powder report highlights not only the size and capacity of Europe’s private capital industry, but also its position in the portfolios of long-term investors.

European Investment Bank: This report provides new evidence on the financial constraints faced by companies as they enter the crucial scale-up phase. The analysis follows firms that received venture capital backing and reached the scale-up phase in the European Union after 2013.

The report leverages data insights from the EIF’s flagship VC Survey (2023) with responses from 472 VC fund managers representing 371 VC firms.

In this letter, we set out the PE/VC industry's views on the final ESMA Fund Names Guidelines that were published in May 2024. Our primary concern remains that the Guidelines do not include adequate grandfathering provisions exempting closed-ended funds.

AIC’s findings back up independent studies showing the value of private equity to public pension funds. The study analyzed 200 U.S public pension funds representing nearly 34 million public sector workers and retirees.

Oaktree Capital Management: Howard Marks critiques overconfidence in forecasting, emphasizing unpredictability in markets and advocating for intellectual humility.

International Monetary Fund (IMF): The role of venture capital (VC) in fostering innovation in Europe. It examines the challenges and potential measures to enhance the VC ecosystem to support innovative businesses, outlining how increased VC funding can lead to higher levels of innovation and economic growth.

The report examines investment in its entirety, including the use of leverage and co-investment. It highlights follow-on investments in addition to initial investments to show where capital is flowing in Europe.

Developments and opportunities in the Romanian private equity and venture capital market for 2022 and 2023.

A synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2024.

Analysis of the valuations of European mid-market private equity transactions for the second quarter of 2024.

The study shows private equity’s continued strong outperformance of European listed equities over the long timeframes that matter to long-term investors, including pension funds and insurers.

An overview of the internal governance structure and organisation of Invest Europe.

The report, in partnership with law firm Gide Loyrette Nouel, shows a pick-up in divestments from 2022 lows, signalling increased confidence among trade buyers in the resilience and potential of companies built by private equity and venture capital firms.

From risk to opportunity Economic security is not only about risk mitigation, it is a huge opportunity for Europe to get back on the map. Back to the original promise of forming one scalable single market, and to refocus on creating the next wave of world-leading tech companies.