Publications
& Policy

In this paper the European private equity industry welcomed the comprehensive evaluation undertaken by the European Commission and wholeheartedly agrees with its conclusion that the AIFMD is working well, and that the review should focus on targeted improvements. It also suggests changes to delegation and reporting requirements for these to maintain strong standards on financial stability and investor protection while not impacting the ability of private equity firms to support businesses.

Brand new analysis of Venture Capital and Private Equity statistics, looking at the transaction value of investments into European companies.

BJM: How diversity among lead partner teams (LPTs) of private equity (PE) funds affects buyout performance.

"In a joint survey with Bain & Company, we heard from more than 100 limited partner organizations about how they’re approaching ESG criteria."

"Representing approximately €220 billion in capital, the team analyzed 29 key LPA terms and conditions from 80+ European buyout funds and 35+ venture capital funds raised in the last 15 months. The funds were all either specifically focused on Europe or had Europe as a core geography in their investment strategy."

Gallagher looks back at 2021 in this survey which covers: holding periods; geographical changes; sector changes; ESG; and managing risk.

Journal of investment management: Analysis of PE transparency in the US before and after the implementation of the ASC 820.

Belgium PE firms are increasingly adopting ESG principles into their investing strategies 

ESG considerations are becoming increasingly important for PE.

At the request of the European Supervisory Authorities, which are seeking evidence ahead of the upcoming review of the KID-PRIIPS framework, this response calls for specific changes to the scope of application of the Key Information Document (the "KID"), including, for example, the definition of what is considered “made available”.

Real Estate Research Institute: Voluntary ESG disclosure is positively correlated to fund performance.

During this Members' Policy Call European Commission Director Ugo Bassi shed light on the Commission's proposal to amend the Alternative Investment Fund Managers Directive (AIFMD).

In this response we call for adjustments to the EU State Aid Framework. We highlight concerns with the existing definitions of undertakings in difficulty and small and medium enterprises - which do not reflect specificities of private equity and venture capital backed businesses. We also call for specific adjustments to the risk finance aid framework.

Listen to the launch webinar of the third part of the Invest Europe Climate Change Guide.

"DEI initiatives are proliferating in private equity as the industry begins to address how its culture has historically impeded diversity."