Industry Data & Research
Julien Krantz
Research Director
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Through rigorous and insightful analysis, Invest Europe research highlights the industry’s positive impact on Europe’s economy and society, empowering members to operate more effectively.
91%
of €1.15tn European capital under management covered in activity statistics
>1,700
fund managers covered in annual data
14
research publications produced
Providing comprehensive data and research to support our public affairs and communications efforts – while equipping our members with essential industry insights – is central to the research team’s mission. Throughout 2024, we worked tirelessly to expand our range of publications and research collaborations, deepening understanding of the benefits that private equity and venture capital bring to Europe.
A major achievement was the publication of our first report in collaboration with EUIPO, the European Union Intellectual Property Office, entitled Protecting European innovation: Private equity’s role in European Intellectual Property Rights. This report highlighted the positive relationship between private equity investments and intellectual property rights in the portfolio companies.
For the first time in 2024, our new edition of the Performance of European Private Equity Benchmark Report, published in partnership with Cambridge Associates, included a section of European infrastructure funds. Using mPME methodology, the report demonstrated how European private equity and venture capital consistently outperform public market benchmarks, providing valuable insight for long-term investors navigating an uncertain market.
Beyond launching new reports, we updated and, where possible, expanded all our annual publications. We published our second edition of Invest Europe’s ESG Key Performance Indicators (KPI) report, focusing on ten carefully selected ESG metrics, transparently showcasing the industry’s efforts in areas such as carbon emissions, female participation, and anti-bribery and corruption policies within portfolio companies. Conducted via the European Data Cooperative (EDC), this effort aims to make ESG data reporting as widespread and routine as tracking activity statistics.
We also published new editions of our Venture Capital: Fuelling European Innovation, and our Mid-Market Private Equity: Europe’s Engine for Growth. Both explored key aspects of specific strategies, including fundraising, performance metrics, investment trends, and employment impact, while highlighting the segment’s critical role in fostering innovation and supporting Europe’s economy. The latest Private Equity at Work report reaffirmed the industry’s significant contribution to employment and job creation, drawing on years of data to illustrate its impact on companies, individuals, and society more broadly. The latest edition contained a new section with a holding period analysis highlighting the dynamic relationship between the duration of the investment and the expansion of employment.
Our two well-known market sentiment surveys provided key insights into industry dynamics. In collaboration with Arthur D. Little, we gathered perspectives from mid-market and large buyout GPs and their investors on macroeconomic conditions, while our partnership with the European Investment Fund (EIF) captured sentiment within the venture capital industry.
As the leading source of data on private equity and venture capital activity in Europe, Invest Europe continued to deliver unparalleled insights. In 2024, we conducted a full restatement of our 2007-2023 activity dataset to enhance data quality and expand our analytical capabilities. Our flagship publication, Investing in Europe: Private Equity Activity 2023, analysed fundraising, investments, and divestments from a record number of GPs, providing a comprehensive market overview. Additionally, our 2023 Central and Eastern Europe Statistics Report delivered updated regional insights.
Our research captures both annual snapshots and long-term industry transformations. In 2024, we also updated two key analyses. The 2014–2023 Transaction Value Analysis tracked the evolution of investment activity across various strategies. Meanwhile, Positioned for the Challenge: Capital Under Management & Dry Powder highlighted a decade-long shift in European private equity and venture capital.
All year long, the research team reinforced its commitment to maintaining the highest standards of data integrity, while strengthening all Invest Europe workstreams.
Highlights 2024
First ever Protecting European innovation: Private equity’s role in European Intellectual Property Rights report, showing the positive relationship between private equity investments and intellectual property rights at companies, in collaboration with EUIPO
Second ESG KPIs report based on the 10 metrics collected via the European Data Cooperative platform (EDC), tracking the industry’s efforts in tackling issues such as climate change, female under-representation, and bribery and corruption
New edition of the Performance of European Private Equity Benchmark Report, including data on European infrastructure funds for the first time
Update of the Venture Capital: Fuelling European Innovation report designed to inform about the role and benefits of venture capital and growth equity investment
Update of the Mid-Market Private Equity: Europe’s Engine for Growth Report on the far-reaching economic and social benefits of mid-market private equity investment across Europe
New edition of the Private Equity at Work report, underlining the industry’s key role in employment and job creation in the 2021-2022 period
Update of essential analyses on Capital Under Management, Dry Powder, and Transaction Value
Publication of the market sentiment surveys on the Europe mid-market and large buyout market with Arthur D. Little, and on venture capital with the EIF
2025 priorities
Release of the new edition of the VC Factor in collaboration with the EIF providing a quantitative assessment of the skills distribution and trends in the European VC ecosystem
Launch structured data collection exercise for European infrastructure funds via EDC
Re-evaluate and improve communication around data collection to increase response and coverage rates, while improving the EDC user interface and user experience
Better serve our members by facilitating access to Invest Europe data and analyses, and explore AI capabilities
Update all relevant reports for Invest Europe members, including those on Transaction Value, Capital Under Management & Dry Powder, Performance, Activity, and Private Equity at Work
Release of the third edition of the ESG KPIs report to capture industry progress on essential ESG issues and start collaboration with ESG platform providers
Continue partnering with academics and external partners, such as ADL, the EIF, and Cambridge Associates