Research
Data methodology
Fundraising methodology
Direct private equity investment funds that focus primarily on investments in Europe are monitored. Funds raised are recorded in the country of the advisory team that is raising or managing the fund. This data falls into the basket we refer to as “industry statistics”. The funds included in the statistics are: private equity funds making direct private equity investments mezzanine private equity funds co-investment funds rescue / turnaround funds The following funds are excluded from the statistics:
- infrastructure funds
- real estate funds distress
- debt funds
- primary funds-of-funds
- secondary funds-of-funds
- private debt funds
Investment methodology
Industry statistics are an aggregation of figures according to the country of the private equity firm’s office in charge of the investment. At European level, this relates to investments made by European private equity firms regardless of the location of the target company. Market statistics are an aggregation of figures according to the location of the portfolio company. At European level, this relates to investments in European companies regardless of the location of the private equity firm. Equity value: The amount of capital invested to acquire shares in a company. The equity value includes equity, quasi-equity, mezzanine, unsecured debt and secured debt provided by the firm. Included countries: Austria, Baltic countries (Estonia, Latvia, Lithuania), Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Other CEE (Bosnia-Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Slovenia, Slovakia), Poland, Portugal, Romania, Spain, Sweden, Switzerland, Ukraine, United Kingdom.
Divestment methodology
Industry statistics are an aggregation of figures according to the country of the private equity firm’s office in charge of the divestment. At European level, this relates to divestments made by European private equity firms regardless of the location of the target company. Market statistics are an aggregation of figures according to the location of the portfolio company. At European level, this relates to divestments of European companies regardless of the location of the private equity firm. Divestment amounts (including write-offs) are recorded at cost (i.e. the total amount divested is equal to the total amount initially invested).
More definitions and methodology
Data collection
The European Data Cooperative (EDC) is a joint initiative developed by NVP and its European association partners to collect Europe-wide industry data on activity (fundraising, investments, & divestments) and economic impact (Employment, Turnover, EBITDA, & CAPEX).
The EDC platform is jointly owned and operated by the private equity and venture capital associations of Europe. It serves as a single data entry point for their members and other contributors across the continent. The EDC brings together:
- 4,000 firms
- 10,900 funds
- 86,700 portfolio companies
- 330,900 transactions
Using one platform with a standardised methodology allows us to have consistent, robust pan-European statistics that are comparable across the region.
As a result, we produce the most trusted and comprehensive overview of Europe’s private equity and venture capital markets available, enabling us to better inform fund managers, investors, policymakers, regulators and other stakeholders.
NVP members and data contributors receive dedicated research and data support from the research team.
