CRYPTO NEWS AROUND THE GLOBE

Bitcoin Prices Show Positive 30-Day Correlation With China's Central Bank Balance Sheet

Base: the Coinbase Layer-2 passes the 2 billion TVL mark

Binance announces collaboration to combat scam operation in Indonesia

Tornado Cash case: Developer Roman Storm faces 45 years in prison

Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin

How Worldcoin’s crypto giveaway in Berlin exploded in fistfights with Chechens and ‘undesirables’

Binance CEO: 'proud to have successfully secured our 19th global regulatory approval in India'

Societe Generale partners with Bitpanda to democratize access to the EURCV stablecoin

Binance launches its pre-market offer to acquire cryptocurrencies before their listing

Coinbase adds Solana cbBTC support as Bitcoin-backed token race heats up

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

He used his clients' cryptos to buy luxury cars – A scammer sentenced to pay 36 million dollars

Ethereum transaction fees surge even as active accounts fall to year-to-date lows

MultiversX co-founder: 'talking to incredible people about the next big things in Web3' at Token 2049

Rising crypto litigation – L’AMF adds multiple entities to its blacklist

Binance CEO: 'Had a great time meeting the global crypto community' at Token 2049

Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained

The first stablecoin in euro compliant with the MiCA law is launched on Cosmos

SG-FORGE chooses Solana for its stablecoin

Binance announces speaker lineup for Blockchain Dubai 2024

German authorities shut down 47 exchanges, some using crypto, to facilitate money laundering

Layer-2 Meme Coin Pepe Unchained Hits $13.5M in Presale, Analyst Says it’s the Next Crypto to Explode – Branded Spotlight Bitcoin News

The Revolut Neobank would be about to issue its own stablecoin

Mark Cuban wants to buy X from Elon Musk. There’s just one problem

Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped

The Fed Could Cause A Massive Increase In Bitcoin!

Binance gives Vietnam users impacted by Typhoon Yagi $50 worth of BNB

Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters

Coinbase accused of manipulating the price of Bitcoin, its CEO denies – Unfounded rumor or reality ?

Trump to unveil World Liberty Financial today. Hereâs everything to know about the DeFi project

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.