CRYPTO NEWS AROUND THE GLOBE

BaFin announces warning on unauthorized services by SNB Capital Limited

Polymarket Threatened With Ban By Thailand Cyber Police

Bitget User on 25% asset loss and account freezing: The 'admin just remove my comment'

Malaysia mulls crypto policy after talks with UAE and Binance founder CZ

Electric Capital co-founder calls regulatory actions 'Chokepoint 2.0'

Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee

Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs

Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time

Bybit halts India service following string of suspensions in other markets

Hong Kong launches 'supervision incubator' to help banks adopt blockchains

MEP Berger: 'The FDP needs Bitcoin'

Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'

3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ

US Senate: Pro-Bitcoin leader heads crypto subcommittee

Gemini Agrees to Pay $5M Settlement in CFTC Case

Bhutan economic hub to set up strategic crypto reserve

CFTC: Rostin Behnam announces his resignation

Bountycaster Co-Founder on loan rejection: I 'Experienced Operation Chokepoint 2.0 firsthand'

Strategic Bitcoin Reserve: Czech Central Bank does not rule out this possibility

Binance marks 21st global regulatory milestone with authorization in Brazil

Crypto and Stock Market: what not to miss for the week of January 6 to 12

French regulator authorizes crypto operations for BPCE subsidiary

Dutch Regulator AFM Awards EU MiCA License to 4 Companies

MiCA can attract more crypto investment despite overregulation concerns

MicroStrategy Buys a Further 1,070 Bitcoin

Crypto Youtuber on Chokepoint 2.0: I got 'denied from opening a bank account'

Expert accuses BlackRock of manipulating Bitcoin price

Centralization and the authoritarian threat to privacy — Web3 exec

MicroStrategy Buys Another 2,138 Bitcoin, Adding to Holdings for an 8th Straight Week

EU crypto regulation MiCA comes fully into force

All Crypto News Around The Globe

Preqin unveils 2024 insights on private equity in France

Christoph Knaack, Preqin CEO | Preqin

By A. I. Benavidez

Oct 9, 2024

Preqin has released a fact sheet titled "Private Equity in France 2024," which highlights key sectors such as healthcare, technology, and energy following political shifts in 2024. The consolidation of private equity funds in 2023 led to increased capital raising with fewer funds, supported by government initiatives.

According to Preqin, the consolidation of private equity funds in 2023 resulted in an increased average fund size of €673 million, indicating a trend toward fewer funds managing larger capital amounts. Notable fund closures included Astorg VIII at €4.4 billion in May 2024 and Latour Capital IV at €1.2 billion in June 2024.

The French government's France 2030 initiative has emphasized investment in sectors like healthcare, technology, and renewable energy to foster innovation and economic development. This focus has enhanced France's appeal as an investment destination. According to Preqin, 55% of capital entering France-based funds in 2022 came from international investors, surpassing the ten-year average of 49%.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

The involvement of the sovereign wealth fund BPI France, along with industry association France Invest, underscores ongoing efforts to boost private capital investment amid political changes following Emmanuel Macron's re-election in July 2024. Collectively, they invested €36 billion in 2022.

Private equity fund managers in France have seen a significant rise in assets under management (AUM), increasing from €75.2 billion in 2014 to €242 billion by the end of 2023. Despite challenges in deal-making, managers deployed €157 billion in 2023. However, the proportion of dry powder—unallocated capital—has fluctuated since 2018 due to market uncertainties. If these issues improve, dry powder may represent a smaller share of AUM moving forward.

Preqin was founded in 2003 and serves over 48,000 clients with data on alternative assets through its team of more than 1,500 staff across global offices. The company specializes in delivering data and insights to enhance decision-making within the finance sector.