EUROPE - The European Private Equity and Venture Capital Association (EVCA) has sent a paper to the European Union calling for a 7.5% maximum limit for pension funds looking to invest in private equity and venture capital.
In a bid to head off what it says is the threat posed by the proposed ‘prudent person plus’ rule, the EVCA has proposed that European pension funds should be limited to investing 7.5% of the scheme...
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