Publications
& Policy

Invest Europe welcomes a 28th regime that simplifies and de-risks company formation, operation, and scaling across borders, enabling more businesses to meet PE/VC investability thresholds and boosting deal flow and capital efficiency. A voluntary, digital-by-default EU form that provides legal certainty and flexible governance would offer an attractive alternative to fragmented national rules, provided it is ambitious and supports companies at every stage of growth.

Invest Europe’s response stresses that growth is rarely linear, businesses need time to pivot, experiment, and restructure, often well beyond their first years of operation. The principles of flexibility, functionality, and alignment with financing needs should guide EU innovation policy, whether in terms of definitions - which must avoid rigid thresholds that risk excluding the very companies the Act should support - innovation stress tests, cross-border sandboxes, employee stock-option rules, innovation-friendly procurement, or stronger connections between research, businesses, and investors.

Invest Europe supports a GBER revision that unlocks private capital at scale, by aligning risk-finance rules with how PE/VC actually invests. and by updating key definitions, so that high-potential, investor-backed companies are not excluded by form over substance.

Invest Europe’s response supports the drive for simplification, proportionality, and interoperability, while underlining the importance of clarifying the treatment and expectations for private equity and venture capital (PE/VC) and better reflecting investor needs within the standards to ensure these are both practical and decision-useful.

In this response Invest Europe argues for more streamlined reporting requirements for fund managers subject to AIFMD "Annex IV" obligations. It comments on ESMA's approach to integrated reporting, arguing against harmonisation with UCITS.

The latest State of CVC 2025 report from SVB & CounterClub.

World Bank: This publication presents the World Bank’s most comprehensive assessment of investment in emerging and developing economies. It examines why investment matters, why it has stalled, and what it will take to revive it. The analysis highlights that countries that have successfully triggered investment booms combined sound macroeconomic frameworks with reforms that improved the business climate, strengthened governance, and mobilized private capital.

The results of the analysis conducted by AIFI, in collaboration with PwC Italia, show that the first half of the year the recorded total funding of €1,703 million represents a 40% decrease compared to the first half of 2024, when some significant closings had been completed.

Eurazeo shares its practical experience from the perspective of mid-market companies all across Europe, present its convictions and its investment thesis focused on innovation with a European impact, challenge received ideas that often remain in the minds of international investors and contribute, through its proposals, to the transformations in progress.

During this fourth session of our Impact Investing webinar series, we focused on the theme of value creation.

In its response, Invest Europe advocates for clarifying eligibility of bank co-investments under legislative programmes, avoiding distortions between public-backed and private funds, and urgently revising CRR rules to distinguish between diversified fund investments and direct equity exposures, ensuring more proportionate risk weights that better reflect actual investment risks.

The first half of 2025 of the Venture Capital Monitor (VeM) research report on venture capital transactions in Italy was conducted by the Venture Capital Monitor (VeM) Observatory at LIUC – Università Cattaneo, together with AIFI and implemented thanks to the contribution of Intesa Sanpaolo Innovation Center and KPMG and the institutional support of CDP Venture Capital SGR and IBAN, with the aim of developing ongoing monitoring of early-stage institutional activity in Italy.

Invest Europe responded to the Review of Solvency II technical rules consultation, advocating for revisions to ensure insurers can include non-substantially leveraged private equity, venture capital, and infrastructure funds in the long-term equity category without complex look-through, to boost insurer take-up and unlock long-term capital for EU innovation and growth.

In this response, we emphasised that climate resilience is vital for protecting assets, ensuring market stability, and unlocking new opportunities in a climate-volatile world. By addressing financing gaps, regulatory hurdles, and scaling innovative solutions, strategic adaptation investments can strengthen markets and drive sustainable growth. This submission forms part of Invest Europe’s engagement through the Climate Resilience Reflection Group.

Invest Europe responded to the Review of the Merger Guidelines General Consultation, advocating for clearer and expanded safe harbours, well-defined presumptions, and explicit recognition of private equity’s distinct structures and incentives, to ensure proportionate, predictable, and cost-efficient merger control that supports EU investment, innovation, and SME growth.