News from 2021-08-17 / KfW Research
Business climate indexes for the German venture capital market
The data for the business climate indexes of the German Private Equity Barometer and the German Venture Capital Barometer are based on a quarterly survey of the members of the German Private Equity and Venture Capital Association (Bundesverband Deutscher Kapitalbeteiligungsgesellschaften – BVK), the member investors of the Deutsche Börse Venture Network (since the 2nd quarter of 2021) and further private equity companies with registered offices in Germany.
Private equity sentiment positive again for first time since coronavirus shock
Business sentiment in the German private equity market continued to grow positively in the second quarter of 2021 and is back above the long-term average for the first time since the coronavirus shock. The sentiment indicator of the late-stage segment rose by 25.7 points to 13.4 balance points. Business expectation assessments rose one and a half times as strongly as assessments of the current business situation. Encouragingly, climate components largely demonstrate positive values, with fundraising leading the way.
VC market reaches new high: new top scores for confidence indicators
The upturn in sentiment in the German venture capital market continued in the second quarter of 2021. The sentiment indicator of the early-stage segment rose by 10.5 points to 37.8 balance points, marking a new record high. The record high sentiment has been fuelled by the sentiment components fundraising, exit opportunities and strength of deal flow. All three achieved top scores. The IPO climate improved the most for the exit opportunities, which the well-filled IPO calendar reflects.
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