France: commitments from banks, insurers, pension funds down 43%

Put together, the commitments from banks, insurers and pension funds to French private equity vehicles dropped by 43% between 2011 and 2012 – an even steeper fall than fundraising figures as a whole, which went down by 22%.

Pension funds were the most impacted LP group, with commitments down by 55% compared to 2011 figures. Looking at the longer-term picture reveals that both pension funds and banks have fled the asset class en masse since 2009: commitments by both LP groups to French private equity funds have plummeted by 79% between 2008 and 2012.

The two glimmers of hope come from public entities and corporates, although they won't be enough to counterbalance the progressive disappearance of traditional financial institutions. State-backed entities contributed €1.1bn in 2012, up by a third compared to 2011, while corporates' commitments quadrupled to €288m.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Fundraising
• France
• LPs
• France
• AFIC