The results of the survey show that 67% of the world’s most active institutional investors in venture and growth capital funds would either withdraw from venture and growth investment completely or substantially reduce their allocations if the proposed EU AIFMD is implemented in its current form.
Published today, this survey of the world’s most active institutional investors in venture and growth capital funds finds that 67 per cent would either withdraw from venture and growth investment completely or substantially reduce their allocations (by over 30 per cent) if the proposed EU Alternative Investment Fund Managers Directive (“AIFMD”) is implemented in its current form
The survey, conducted by the European Private Equity and Venture Capital Association, shows the views and the likely effect of the proposed EU AIFM Directive on investment in European venture capital and innovation from private sector investors like banks, pensions funds and insurance companies.
28 institutional investors responded to the survey, representing an estimated €560 billion under management and over €14 billion committed to venture and growth capital in recent years. 52 per cent anticipated investing in venture at the same level should there be NO changes in current regulation and nearly 8 per cent expected to increase their allocations.
The result of the survey follows criticism from the International Partners Association of the “third party” provision and warnings of a potential transatlantic rift from US Treasury Secretary Tim Geither.
© EVCA - The European Private Equity & Venture Capital Association
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