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The beginning of a brand new season is all the time a superb time to revisit previous predictions and search for new matters to trace. In the present day, dry powder and college spinouts. — Anna
Report ranges of dry powder in Europe?
In November of final yr, PitchBook made so many predictions on enterprise capital and personal fairness in Europe that it’s now reexamining them in a recent report.
The brand new report, titled “European Non-public Capital Outlook: H1 Observe-Up,” doesn’t simply take a look at whether or not PitchBook analysts had been proper or mistaken. It additionally reevaluates its forecasts and what modified since then to make new assertions.
A number of of PitchBook’s new predictions must do with personal fairness, however the one which caught my consideration relates extra on to startups: the quantity of enterprise capital that will or is probably not obtainable to them.
Also known as dry powder, the cash raised by VC funds that hasn’t been invested but was anticipated by PitchBook to succeed in report ranges in Europe this yr. Its EMEA Non-public Capital analyst Nicolas Moura stands by the prediction, however the nuances between then and now are price exploring.