CRYPTO NEWS AROUND THE GLOBE

Will Europe ban Bitcoin mining?

How to mine without hardware in 2024?

Binance Remains the Undisputed Leader in the Crypto Sector

France will “escape the dark scenario” of recession, according to the Banque de France

“Bitcoin Spot ETFs, a huge opportunity for Flowdesk” according to Denis Barrier, co-founder of Cathay Innovation

Cryptocurrencies are stabilizing, what to expect for February? Crypto analysis

January saw Bitcoin's highest monthly volume since September 2022

One of Germany's Biggest Banks Could Soon Launch Its Own Crypto Exchange

France: Insurers partner with Doors3 to train in web3

Big tech killed the internet — blockchain can help revive it

Giant Binance launches its platform for registration tokens

Bankrupt crypto exchange FTX abandons idea of restarting

Coinbase hires former UK chancellor as adviser amidst increasing regulatory scrutiny

Binance: after its hefty fine of $4 billion, the exchange is rebounding!

Two months after Changpeng Zhao's departure, Binance on its way to a new hegemony?

Crypto cybercrime in France: what tools to fight?

Crypto: Despite gloomy forecasts, Europe shows high optimism rate

Web3 Distributed AI Training Network PublicAI Raises $2M in Seed Funding Round

CryptoXR: the French web3 event that rocked Auxerre

Meria launches its mobile application to facilitate crypto investment

Bitcoin's recent uptick correlates with reduced open interest in options, analyst points

Crypto funds saw $500 million in outflows last week as GBTC impact subsides

UK looks increasingly isolated in its anti-crypto ETF stance

Robot trading: The best trading bots (2024)

Approval of Bitcoin ETFs: CFTC President calls for more regulation of cryptocurrencies

Bitcoin ETF: for Coinbase, this is the start of a major movement

French startup Sun Zu Lab raises $2 million with backing from Tim Draper

Coinhouse, the French crypto platform lowers its prices

Swiss regulator approves first tokenization platform accessible to individuals

The Bank of Banks (BIS) accelerates on tokenization and CBDCs

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.

Organizations Included in this History

Preqin

More News

Crypto Comments

Loading...

No comments available.