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The start of a new The season is always a good time to review past forecasts and look for new topics to follow. Today, dry powder and university fallout. — Anna
Record levels of dry powder in Europe?
In November last year, PitchBook made so many predictions about venture capital and private equity in Europe that it is now revisiting them in a new report.
The new report, titled “Prospects for European private capital: follow-up to the first semester”, don’t just look at whether the PitchBook analysts were right or wrong. He also reevaluates his predictions and what has changed since to make new claims.
Several of PitchBook’s new predictions relate to private equity, but the one that caught my attention relates more directly to startups: the amount of venture capital that may or may not be available to them.
Often referred to as dry powder, the money raised by venture capital funds that has not yet been invested was expected, according to PitchBook, to reach record highs in Europe this year. Its EMEA Private Capital analyst Nicolas Moura stands by the prediction, but the nuances between then and now are worth exploring.