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The beginning of a new one The season is always a good time to revisit past predictions and find new topics to track. Now, dry powder and university spinouts. — Anna
Record level of dry powder in Europe?
In November last year, PitchBook made several predictions on venture capital and private equity in Europe that are now being re-examined in a new report.
The new report, titled “European Private Capital Outlook: H1 Follow-Up,” doesn’t just look at whether PitchBook’s analysts were right or wrong. It also reviews its predictions and what has changed since then to make new statements.
Some of PitchBook’s new predictions have to do with private equity, but the one that caught my attention is more directly related to startups: the amount of venture capital that may or may not be available to them.
Often referred to as dry powder, money raised by uninvested VC funds is expected by PitchBook to reach record levels in Europe this year. EMEA Private Capital analyst Nicolas Moura stands by the prediction, but the nuances between then and now are worth examining.