February 21, 2024

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New beginning The season is always a good time to revisit past forecasts and find new themes to track. Today, Dry Powder and University spin-offs. — anna

European dry powder record levels?

Last November, PitchBook made so many predictions about European venture capital and private equity that it is now revisiting them in a new report.

The title of the new report is “European Private Capital Outlook: First Half Follow-up” It’s not just about whether the PitchBook analysts are right or wrong. It also reassesses its forecasts, and how they have changed since then, to make new assertions.

Some of PitchBook’s new predictions relate to private equity, but the one that caught my eye is more directly related to startups: the amount of venture capital they may or may not receive.

Uninvested money raised by venture capital funds, often called “dry powder”, is expected to hit record levels in Europe this year. Its EMEA private capital analyst, Nicolas Moura, backs that forecast, but the nuances between then and now are worth exploring.