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Research

Private Equity at Work

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Employment & job creation across Europe

Private equity and venture capital are a cornerstone of the European economy present in every region and every major business sector across the continent. From technology and life sciences start-ups to manufacturing small and medium-sized enterprises (SMEs) and large consumer-focused multinationals, private equity and venture capital backed companies support millions of high-value jobs driving prosperity and growth in the process.

Now in its third year, Invest Europe’s Private Equity at Work report provides insight into how private equity and venture capital helped businesses and workers through the disruption caused by COVID-19 in 2020. It shows private equity firms consistently supporting employment and creating jobs in a year when so many companies faced restrictions on their operations, as well as uncertainty that impacted performance.

At the end of 2020, private equity and venture capital backed companies employed 9.9 million people across Europe – roughly equivalent to the entire population of Hungary. That figure represents some 4.3% of all European workers and is more than the workforce active in the farming, fishing, and forestry sectors in Europe. Across countries and regions, private equity and venture capital backed businesses are part of the glue holding societies together, providing work and opportunities for people in cities, towns and rural communities.

Eric de Montgolfier Image
Eric de Montgolfier

CEO

Invest Europe

The companies covered by our study created 2% more jobs (net) in 2020, compared with the European job market - which contracted by 1.6%. Quotation Marks Graphic
Private Equity at Work report (2022) Image Members Icon

Private Equity at Work report (2022)

22 Apr 2022
Invest Europe Research

Detailed evidence and analysis of the European private equity and venture capital industry’s real contribution to employment, in 2020, and job creation, in 2019-20, and the far-reaching impact this has on the people, societies and economies of Europe.

Th Pe At Work 220401

Private Equity at Work video

Private Equity at Work video

Private equity and venture capital is an essential part of the solid foundation on which the European economy is built and its society flourishes.

Watch our dedicated video to find out more!

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Job creation 2019-20 - The facts

103,566

net jobs were created by PE & VC backed companies in 2020

+2.0%

Job creation of 2.0% in PE & VC backed companies in 2020

+5%

more new jobs created by SMEs in 2020

Private equity job creation outperforms the market

Chart1 PE At Work 220401

Job creation data is based on portfolio companies in Europe active and backed by private equity and venture capital as of end of 2020.

Employment 2020 - The facts

9.9m

European employees worked in PE & VC backed companies

4.3%

of Europe's total 233 million workforce

24,663

companies in Europe backed by PE & VC in 2020 across all industry sectors and all regions

Employment by type of private equity firm

Chart Employment By Type Private Equity Firm 220401

Employment data is based on an extrapolation of a sample of 13,684 portfolio companies.

PREVIOUS EDITIONS
Private Equity at Work report (published May 2021) Image Members Icon

Private Equity at Work report (2021)

27 May 2021
Invest Europe Research

Detailed evidence and analysis of the European private equity and venture capital industry’s real contribution to employment, in 2019, and job creation, in 2018-19, and the far-reaching impact this has on the people, societies and economies of Europe.

Download PDF 7.43 MB
Download (Member only) XLSX 164.18 KB (Member only)
Private Equity at Work report (published September 2020) Image Members Icon

Private Equity at Work report (2020)

17 Sep 2020
Invest Europe Research

Invest Europe provides, for the first time, detailed evidence and analysis of the European private equity and venture capital industry’s contribution to employment, in 2018, and job creation, in 2017-18, in Europe.

Full report PDF 5.54 MB
Fact sheet PDF 190.46 KB
Underlying Data (Member only) XLSX 1.78 MB (Member only)
Related content
Meet the team

Research

Julien Krantz Image

Julien Krantz

Research

Research Director

Daniel Irwin-Brown Image

Daniel Irwin-Brown

Research

Research Manager

Lucrezia Lo Sordo Image

Lucrezia Lo Sordo

Research

Researcher

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