Plan to steer up to €58bn of pension money into European VC dropped: ‘The wrong tool’
26 Oct 2026
10:56
An EU proposal to make Europe’s largest pension funds invest in venture capital has been dropped, prompting a mixed reaction from investors.
The proposal, put forward by parliamentarian Damian Boeselager, aimed to make it mandatory for Europe’s largest pension funds to invest 2% of their allocations to venture capital – unlocking up to €58bn.
“He correctly diagnosed the problem, but reached for the wrong tool,” Sebastian Heitmann, partner at Extantia, told Impact Loop.
The proposal, put forward by parliamentarian Damian Boeselager, aimed to make it mandatory for Europe’s largest pension funds to invest 2% of their allocations to venture capital – unlocking up to €58bn.
“He correctly diagnosed the problem, but reached for the wrong tool,” Sebastian Heitmann, partner at Extantia, told Impact Loop.