The Finance Shelf

Activity of French Private Equity Actors 2022 (France Invest)

StudyFrance InvestMarch 202358 pages87 min readOriginal source
Key number
41.5 € billion
Total fundraising in 2022 p.3
Largest segment
14,174 € million
Buyout (Capital-transmission) investments p.24
What changed
+30 %
Infrastructure investment amount growth vs 2021 p.4

Summary

  • Total fundraising reached €41.5 billion in 2022, down -1% compared to 2021.p.3
  • Total investments reached €36.3 billion across 2,857 companies and infrastructure projects, representing a +1% increase in amounts and +15% in volume vs 2021.p.3
  • Infrastructure funds raised €16.0 billion (-7% vs 2021) and invested €11.6 billion (+30% vs 2021) across 176 projects.p.4
  • Divestment volume held steady with 1,495 exit operations completed in 2022 (-0.3% vs 2021).p.3
  • Institutional investors accounted for 76% of private equity fundraising (excl. infrastructure), while private individuals and family offices represented 16%.p.4

Key insights

  1. Exits at historical cost decreased by 14% compared to 2021, reflecting divestments of smaller companies on average in 2022.p.3
  2. International investors accounted for 80% of capital raised by infrastructure funds in 2022.p.4
  3. Venture and growth investments increased by 11% in value and 14% in number of companies compared to 2021.p.4
  4. Renewable energy projects represented 61% of all projects supported by infrastructure funds in 2022.p.4
  5. French portfolio companies represented nearly 80% of companies backed and 67% of total invested amounts in private equity.p.27

Topics and entities

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