FT – Investors warn EU on private equity rules

“Europe risks building a protectionist wall between itself and the global private equity industry if plans for a sweeping overhaul of regulation in the sector go ahead, some of the world’s biggest institutional investors have warned. 

The warning from the International Limited Partners Association, representing 220 of the biggest pension funds, endowments and sovereign wealth funds, comes at a sensitive time with European Union lawmakers and member states close to agreeing new rules.

The ILPA issued its warning in a letter to Michel Barnier, the new EU internal market commissioner, and Jean Paul Gauzès, the French MEP steering the legislation through the European Parliament”. writes Martin Arnold and Nikki Tait in the FT

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