Publications
& Policy

The Private Equity PErspectives podcast serves as a forum for private equity dealmakers to discuss navigating today’s dynamic investment environment, while preparing for challenges and opportunities on the horizon. In each episode, BDO’s Private Equity practice connects with leaders in the industry to talk deal activity, fund strategies, and portfolio company optimization. 

CAIA Association: As we enter a new decade, rife with a global pandemic, the most violent bear market in history, and unprecedented uncertainty, alternative investments continue to be a polarizing topic. Yet, further growth in alternatives is expected.

Atomico's review of the European Tech

Bain & Company's review of the Private Equity Market over 2019.

McKinsey research on the industry’s dynamics and performance in 2018.

The Argos Index® is an important benchmark for valuing unlisted European companies and is based on very reliable data.

"This third edition of the ILPA Principles includes guidance on: GP and Fund Economics; Fund Term and Structure; Key Person; Fund Governance; Financial Disclosures; Notification and Policy Disclosures; LP Disclosures"

In this response, we detailed why the current treatment of "investments in private equity" and "investments in venture capital firms" as high risk exposures is inappropriate and how the future banking framework could better take into account the specificities of investments in unlisted equity funds.

AQR: Investors may be willing to pay a higher price and a lower expected return in exchange for illiquidity

“The VC Factor” is the first large-scale study of VC-backed start-ups located in the EU. A joint effort of the EIF and Invest Europe, the research looks at about 9,000 firms invested in 2007-15 and analyses their characteristics as well as their post-investment performance.

Invest Europe, on behalf of the PAE and in conjunction with a global group of PE/VC associations, has responded to the OECD's consultation on the Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two).

In this response, we expressed concerns with the imposition, as part of the Market Abuse Regulation review, of overly cumbersome administrative and reporting requirements on infrequent recipients of market soundings such as private equity firms.

The EuVECA voluntary passport is becoming more and more popular for venture capital fund managers, most of whom operate below the required threshold for AIFMD compliance. 

The Markets in Financial Instruments Regulation (MiFIR) and Directive (MiFID II), referred to in this Guide as “MiFID”, are in force since January 2018.

In recent years, tax transparency has become a key issue for the EU and more broadly for international policymakers. There are several policy initiatives which are of particular relevance from a private equity perspective.