CRYPTO NEWS AROUND THE GLOBE

Why crypto investors are ‘asleep at the wheel’ amid improving macro conditions

MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx

Coinbase to Launch Wrapped Bitcoin (WBTC) Competitor – What’s at Stake in Such a Token?

Binance's Sacheendran: 'blockchain technology will revolutionize various industries beyond finance'

Bitcoin at 9 million in 20 years according to the power law

Binance recovers more than $73M in user funds from external hacks

Did you miss this week's news? Here is a recap of the information you shouldn't have missed about Bitcoin, Binance, Ethereum, and Ripple!

Collapsed crypto exchange FTX ordered to pay $12.7bn to creditors, CFTC says

Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14 – Mining Bitcoin News

Gambaryan Family Says Binance Executive Is Being Denied Access to Lawyers, Health Is Deteriorating

SEC subpoenas three crypto VCs in sign crackdown is gaining pace

Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum

The IMF and El Salvador Close to an Agreement on Bitcoin!

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound

Strike et Bitstamp s’associent pour faciliter l’achat de cryptomonnaies pour les utilisateurs européens

SEC urges court to reject Coinbase’s subpoena request for documents

Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

Xapo Bank to offer interest-bearing bitcoin accounts in UK after 'passporting' its license

Crypto: Why Tether's CEO Prefers Bitcoin Over Ethereum

Binance announces Binance Labs investment in aPriori

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine – News Bytes Bitcoin News

Terra case: Do Kwon will be extradited to South Korea for trial

3 Cryptocurrencies You Absolutely Need to Buy According to This Investor

ByBit leaves France – Why, and how does the competition benefit?

The EU Takes the Reins of AI with Historic Legislation!

Binance Charity, Children of Heroes host camp for Ukranian children

Wage increase: it should exceed inflation in 2025 in France

Think you own your crypto? A new UK law would make sure

XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock

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.