Publications
& Policy

In our response, we welcome the Commission’s proposal for a CSRD and support the view that in order to achieve sustainable and inclusive growth it is key to have relevant, comparable and reliable sustainability information. That said, we ask the Commission to pay particular attention to certain aspects of the CSRD of key importance to the industry, such as the need for alignment, coherence and consistency on content and timeline with other pieces of legislation, such as the SFDR and the Taxonomy, and the importance of applying the materiality and proportionality principles when considering the extension of the scope to SMEs.

In this response, we shared our views on the European Commission’s initiative to mitigate a potential debt-equity bias induced by taxation. We notably stressed that the differences between the tax deductions of costs related to debt vs. equity should be dealt with in a way that allows for more deductions – not fewer. Thus, we are happy to support the idea of introducing an equity allowance.

University of Chicago, University of Maryland, University of California, University of Michigan, Harvard Business School: "We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts, depending on buyout type and external conditions."

University of British Columbia & Stanford University: With production supported by Invest Europe, this paper looks at the Economic Impact of Venture Capital in the USA.

A transparent study of private equity returns. The findings show that European private equity strongly outperformed listed equity benchmarks to the end of 2020, underlining the industry’s resilience during the COVID-19 crisis and its consistent ability to support the long-term investors that guarantee the pensions and savings of European citizens.

"This report is the result of a pilot project that aims to highlight the sustainability work that is being conducted and that has been conducted by the private equity in Sweden for many years. The initiative is one way to demonstrate the concrete activities that are ongoing – and measuring these activities – with the intention of showing progress over time"

"The Private Equity Confidence Survey has been tracking the changing sentiments of the Central European investment community every six months since 2003. Deloitte Central Europe proudly presents the latest report which marks the 37th edition of the programme."

This Member Policy Call gave insight in what is in the pipeline on the European and global tax agenda, and how this may affect your business.

Invest Europe report on private equity and venture capital markets of Central and Eastern Europe in 2020 and prior years.

This letter, as for the Q&A to the EBA, addresses the treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs.

This Q&A addresses the treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs, flagging that clarification should be brought to such treatment to ensure that exposures to closed-ended funds are not given a risk weight that is not appropriate to the risk it poses.

“…a close look at the performance of the private equity industry given its rising share of institutional and individual portfolios… We examine manager dispersion, benchmarks, co-investing, GP-led secondary funds, the torrid pace of industry fundraising and manager fees in this year’s piece.”

This webinar focused on diversity in the private equity and venture capital industry.

In this paper Insurance Europe and Invest Europe jointly present their suggestions on how to allow insurers to commit capital into long-term funds such as private equity ones. The document also gathers specific changes to the criteria of the Solvency II recently introduced long-term equity category.