Publications
& Policy

"Our whitepaper provides an overview of the secondary market’s theoretical framework, key dynamics, and recent developments."

In this response, we have shared our views on the European Commission’s initiative to increase convergence of national insolvency laws to encourage cross-border investment. From an investors’ perspective, we believe that harmonised rules offer transparency and clarity across the EU market and should be the goal in the long term.

A report by Georg Inderst, infrastructure expert, member of LTIIA Advisory board & Adviser to institutional investors & international organizations. It discusses key issues around the mobilization of private capital for development. External finance for developing countries stagnated in the years before the pandemic, followed by a major setback in 2020/2021.

The BVCA and Level 20 are delighted to publish our findings on diversity and inclusion in the private equity and venture capital industry.

Maaike van der Schoot (AlpInvest Partners), Erwann Le Ligné (Eurazeo), Patrick Sheehan and Rob Genieser (ETF Partners), and Cilia Holmes Indahl (EQT) joined our launch webinar on 15 March to shed more light on the new Invest Europe Climate Change Guide.

Guidelines on sound variable remuneration will apply to all MiFID investment firms, although some rules will be waived below a defined threshold. In this response we reiterate the importance of protecting the carried interest model while flagging some technical concerns we have with some sections of the Guidelines, including on the definition of the thresholds.

The Invest Europe Climate Change Guide constitutes one of the most complete guides on Environmental, Social and Governance (ESG) issues, and in particular climate change, for private equity investors to date. Its structure follows a step-by-step approach and is based on three different modules – Introductory, Intermediate and Advanced - covering all stages of investors’ ESG journey and being suited for both those getting started and those looking at taking climate change considerations to the next level.

In this report, we look at Capital Under Management and Dry Powder across private equity segments, from Buyouts to Generalist funds, and Growth capital to Venture Capital.

BCG: A new wave of innovation driven by Deep Tech is about to come

As investors in innovative and high-growth companies and start-ups we believe it was necessary to position ourselves on the issue. We support and welcome the EC’s ambitions and 2030 digital targets, and we want to make sure that the PE/VC industry is seen as key enabler of the digital transformation. Moreover, we want to ensure that the EC makes creating the right policy and tax environment to allow the digital transformation one of its priorities as these will be essential in achieving the 2030 digital targets.

A summary of Invest Europe 2020 highlights and achievements across Public Affairs, Industry Data & Research, Communications, Member Events & Training, Industry Standards, Governance & Finance.

"In this follow-up to our 2020 study, we find that more women are working in the alternatives industry now than one year ago. At the close of 2020, just over a fifth (20.3%) of the industry’s employees were female, up from 19.7% at the end of 2019. Venture capital had the highest female representation in the workforce, at 21.8%, up 62bps on the previous year."

In our response we highlight the need for the collection of financial and environmental data in a harmonised way whilst ensuring that this is of the highest quality and foremost reliable. Moreover, we also point out the need of correctly assessing the costs for data providers. We believe is necessary to ensure that no further administrative burden or duplication of information requirements arise as a result of the establishment of the ESAP.

"We are delighted to share our perspective and insights on some of the major industry trends influencing our private equity business, and what this means for 2021 and beyond."