LPeC, an international association for listed private capital, has become part of Invest Europe, the Brussels-based trade association for the European private equity, venture capital and infrastructure sectors. LPeC will continue as Invest Europe’s Listed Private Capital Roundtable.
The move means all of Europe’s private equity market participants now are under a single roof and means that the industry can speak with a single voice. The integration with Invest Europe meets LPeC’s objective of increasing its scale and influence, alongside Invest Europe’s goal to be a strong voice for all private equity in Europe, the organisations said in a statement. Approximately 40 Luxembourg-based firms and organisations are a member of Invest Europe.
The agreement also reflects the evolution of the growing private capital industry. That development is illustrated by the rising trend among European private equity managers to pursue stock market listings, as well as the shift to democratise access to the asset class for retail investors.
“The integration of LPeC with Invest Europe brings all European private equity market participants together under one roof,” said Eric de Montgolfier, CEO of Invest Europe, in a statement. “It strengthens our voice and extends the reach of listed private capital at a time when many firms across the continent are considering listed structures and ways to democratise access to private markets for a broader group of individual investors.”
Botwood Smith joins Invest Europe’s MT
The Listed Private Capital Roundtable will bring together listed GPs and LPs, as well as those with listed vehicles, from across Invest Europe’s four platforms: venture capital, mid-market, global private equity and limited partners.
As part of the integration, LPeC CEO Deborah Botwood Smith (photo), joined Invest Europe’s management team in January. Founded in 2006, LPeC has represented the leading listed private capital groups in the UK, Continental Europe and North America, as well as their advisers.
Over the last decade, global listed private equity has increased six-fold in size to represent a market value of 326 billion euro. The combined market cap of UK and European listed firms stood at 263 billion at the end of October 2022, according to LPX data.