CRYPTO NEWS AROUND THE GLOBE

For Millennials, Bitcoin Is the New Real Estate

Binance exec Tigran Gambaryan again denied bail in Nigeria despite 'clear evidence of medical requirement,' family says

Crypto.com sues SEC amid agency threats over Solana, Binance, Cardano tokens

Former Bitcoin developer points out missing detail undermining HBO's claim that Peter Todd is Satoshi

AI startups draw record $11.8B funding in Q3

Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs

OpenAI, the creator of ChatGPT, will open an office in Paris this year

Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down

HBO announces that the identity of Satoshi Nakamoto will be revealed in its next documentary dedicated to the creator of Bitcoin

JPMorgan analysts identify key catalysts shaping crypto's near-term outlook

The season from the same corners is back: POPCAT, MOG and NEIRO are leading the way

Congressman on constituent imprisoned in Nigeria: 'I don't know if they don't have the ability to treat him or they just don't wish to'

Columbia Business Professor: 'we will be reaching the point where transacting on blockchains is absolute poison for criminals'

SEC files appeal in Ripple lawsuit

Is Visa Preparing a Crypto Revolution for Banks with VTAP?

Binance announces full digital asset license in Kazakhstan

Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources

Can the third world war break the Bitcoin cycle and prevent the next bull run?

SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent

Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains

Three OpenSea execs quit in last three months as troubles mount for NFT marketplace

UK regulators open sandbox to unlock a $14tn tokenisation bonanza

Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei

Changpeng Zhao on his plans: “Binance seems to be doing well without me at the wheel, which is great”

QCP Capital forecasts continued risk-on sentiment for bitcoin after strong September

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

US ambassador to the United Nations presses Nigeria to release jailed Binance exec

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.