Annuario AIFI 2024

PRESENTAZIONE

The AIFI Yearbook, which is now at its twenty-seventh 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 2023, the private equity and venture capital market experienced a slowdown, influenced by the uncertain economic scenario and by the ongoing geopolitical crises. In particular, the number of large deals saw a decrease in comparison with the two previous years, while the attention towards mid-market companies remained high.

Private debt investments were characterized by a contraction, albeit smaller than the one seen in the private equity industry: this market today has a well-recognised role, as witnessed also by the growing number of active firms.

The Yearbook, after a description of AIFI’s activities, presents the results of the 2023 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 on the impact of private equity funds on the sustainability of Italian portfolio companies (conducted by EY Financial Business Advisors).

Finally, the yearbook presents the profiles of 174 full members and 184 associate members.