The AIFI Yearbook, which is now at its twenty-fifth edition, intends to be a simple guide on the main features and trends related to the Italian private equity, venture capital and private debt markets.
In 2021, the investment activity in the Italian private equity and venture capital market reached the highest amount ever invested, driven by the infrastructure segment. Also venture capital saw an important increase if compared with the previous years. The number of GPs that raised funds on the market grew significantly and the amount raised doubled. Finally, divestments increased both in terms of number and amount.
The private debt market saw record values in the investment and fundraising activities, whereas the reimbursement one increased in number but saw a slowdown in amount.
The Yearbook, after a description of AIFI’s activities, presents the results of the 2021 Italian private equity and venture capital analysis (realised in cooperation with PricewaterhouseCoopers – Transaction Services), followed by the description of the Italian private debt industry and its characteristics (conducted with the support of Deloitte).
In addition, the Yearbook contains an analysis of the main tax and legal issues, a research about the aggregate performance (IRR) of the private equity and venture capital market (carried out with KPMG Corporate Finance) and a study of private equity international trends (conducted by EY Financial Business Advisors).