Publications
& Policy

The report highlights the scale and growth of the private equity and venture capital (PE/VC) industry in Europe over the past decade, as well as the capital available for new investments.

Ensuring that European tax rules are fit for purpose in light of an increasingly globalised economy is key for venture capital and private equity funds, who have highly varied investment value-chains and diverse investments in companies in all parts of Europe and beyond.

In this consultation response, Invest Europe expresses its concerns about some of the approaches suggested by the Platform for Sustainable Finance in its Draft Report on Minimum Safeguards under the Taxonomy Regulation. Among others, we have stressed the importance of considering not only the need for proportionality, but also the significant impact that PE/VC investments have proven to create.

In this response to the European Commission consultation on its DEBRA proposal, Invest Europe commends the efforts made by the Commission in getting the balance right, but notes that further finetuning is needed, particularly of the articles on the interest limitation rules. It should also be explored further whether the suggested interest rate limitations aren't set to be skewed in a pro-cyclical way, ahead of years when equity investments will be direly needed.

A compelling snapshot of European private equity activity and investment records in the last decade.

This Guide covers the main provisions of the law and the latest guidance from the European Commission.

Harvard business review: PE should play a leading role in promoting sustainability and responsible business practices.

The research shows that European private capital continued to strongly outperform listed equity benchmarks, delivering superior performance to long-term investors to support pensions and savings as markets rebounded from the effects of COVID-19.

In this response Invest Europe commented on the negative impact existing withholding tax refund procedures can have the cross-border investment in the EU securities market and described which EU actions could make these procedures more efficient.

The 18th annual edition of the Central and Eastern Europe Private Equity Statistics, produced in partnership with Gide Loyrette Nouel, delves into countries across CEE to show the spread of private equity and venture capital activity, as well as development of regional powerhouses.

In this response Invest Europe comments on actions that could be taken to improve access of retail clients to financial markets, from financial literacy to suitability assessment, while warning against presenting over-harmonised comparisons. It also reiterated its call for a rethinking of the binary distinction between professional and retail investor, to better acknowledge the features of typical private equity investors.

HHL Leipzig Graduate School of Management: "In analyzing characteristics of 1,071 fund partners involved in 1,295 buyout deals by 117 funds, we find that TMTs with greater variety in socio-demographic aspects achieve higher money multiples or IRR. In contrast, greater occupational diversity is associated with a negative net effect on performance."

"The 2022 Titans of Tech report has revealed another record year for European tech, reaching a cumulative value creation of over $1tn, and giving birth to as many new Unicorns in one year as the last three combined."