Industry Data & Research

Julien Krantz
Research Director
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With rigorous analysis and meaningful insight, Invest Europe’s research reveals the powerful role the industry plays in strengthening Europe’s economy and society, empowering members to drive innovation and operate at their very best.
93%
of €1.247tn European capital under management covered in activity statistics
>1,750
fund managers covered by annual data
13
research publications produced
Providing comprehensive data and research to support our public affairs and communications efforts – while equipping our members with critical industry insight – remains at the core of the research team’s mission. Throughout 2025, we worked with focus and determination to broaden our portfolio of publications and deepen our research collaborations, further strengthening understanding of the powerful contribution private equity and venture capital make to Europe’s economy and society.
In 2025, the research team marked a major milestone with the release of Invest Europe’s first-ever pan-European infrastructure report, offering a comprehensive view of fundraising, investment, and exit activity across this rapidly growing asset class. Drawing on extensive data, the report highlighted the scale and strategic importance of private capital in supporting Europe’s critical infrastructure. It underscored how private investment is playing an increasingly vital role in advancing Europe’s green and digital transitions, while financing essential projects that strengthen resilience, connectivity, and long-term economic growth across the continent.
This year, our Performance of European Private Equity Benchmark Report, produced in partnership with Cambridge Associates included new analysis showing the last 10 years of realised (or largely realised) funds for buyouts and venture capital, covering the period that included the Global Financial Crisis, to demonstrate that European funds outperformed their domestic benchmarks through intense market volatility and economic disruption and realised strong value creation for investors. We also continued to include a dedicated section on European infrastructure funds. Using mPME methodology, the findings demonstrated how private capital funds consistently outperform public market benchmarks, offering valuable, data-driven insights for long-term investors navigating increasingly complex and uncertain market conditions.
Alongside launching new research, we continued to enhance and expand our established publications. We released the third edition of Invest Europe’s ESG Key Performance Indicators (KPI) report, focusing on ten carefully selected ESG metrics. This report provided transparent data insight into the industry’s progress in areas such as carbon emissions, female participation, and anti-bribery and corruption practices within portfolio companies. Conducted through the European Data Cooperative (EDC), this initiative continues to drive the ambition of making ESG reporting as standard and widespread as the tracking of activity data.
We also supported the “Quiet Power” campaign with essential statistics on venture capital and mid-market private equity exploring key dimensions of each strategy, including fundraising activity, performance trends, investment dynamics, and employment impact, underscoring their essential role in driving innovation and supporting sustainable economic growth across Europe. In parallel, the latest Private Equity at Work report reaffirmed the industry’s significant contribution to employment and job creation, drawing on years of robust data to demonstrate its impact on businesses, individuals, and society at large. This edition also improved the holding periods analysis, highlighting the dynamic relationship between investment duration and employment growth.
Our two flagship market sentiment surveys continued to offer valuable perspectives on industry dynamics. In collaboration with Arthur D. Little, we gathered insights from mid-market and large buyout general partners and their investors on the evolving macroeconomic environment. At the same time, our partnership with the European Investment Fund (EIF) provided a clear view of sentiment within the venture capital ecosystem, capturing both challenges and opportunities across the market.
As the leading source of data on private equity and venture capital activity in Europe, Invest Europe continued to deliver authoritative and comprehensive data. Our flagship publication, Investing in Europe: Private Equity Activity 2024, analysed fundraising, investment, and divestment trends based on record participation from general partners, offering a uniquely detailed overview of the market. In addition, our Central and Eastern Europe Statistics Report provided refreshed and valuable regional insights.
Our research not only captures annual developments but also tracks the long-term transformation of the industry. In 2025, we updated two major analyses: the Transaction Value Analysis, which examined the evolution of investment activity across strategies, and Positioned for the Challenge: Capital Under Management & Dry Powder, which highlighted a decade of structural change within European private equity and venture capital.
Throughout the year, the research team remained unwavering in its commitment to excellence, upholding the highest standards of data integrity while strengthening every Invest Europe workstream and reinforcing the association’s role as a trusted, leading voice for the industry.
Highlights 2025
Launch of our first pan-European infrastructure activity data report Building Europe’s foundations: The role of private capital in infrastructure, showing the importance of private capital investment in critical European infrastructure and growth of the asset class
Third ESG KPIs report based on the 10 metrics collected via the 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, buyout, growth and venture capital funds and their outperformance over global listed equity benchmarks
Key statistics on venture capital and mid-market private equity for the “Quiet Power” campaign
New edition of the Private Equity at Work report, underlining the industry’s key role in employment and job creation in the 2022-2023 period, including deeper analysis during the holding period
Update of the Listed Private Equity Insights report demonstrating that listed private equity exits are generating significant uplifts over last reported asset valuations
Update of essential analyses on Capital Under Management, Dry Powder, and Transaction Value
Publication of market sentiment survey on the Europe mid-market and large buyout market with Arthur D. Little, highlighting a recovery in confidence and a decisive pivot in priorities: defence has become the top sector for expected investment growth, while AI is now the leading operational focus across firms
Participation in the EIF Equity survey covering the current market situation, challenges, and VC expectations for the near future
2026 priorities
Release new edition of the VC Factor in collaboration with the EIF, providing quantitative assessment of the skills distribution and trends in the European VC ecosystem
Launch the second edition of the infrastructure report based on the data collected via the EDC
Improve data collection with AI-empowered tools 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 through AI capabilities
Increase visibility of Invest Europe’s data in our conferences and various events
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
Continue work on ESG KPIs report to capture industry progress on essential ESG issues and strengthen our collaboration with ESG platform providers
Continue partnering with academics and external partners, such as ADL, the EIF, and Cambridge Associates













