News from 2022-08-08 / 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 market sentiment continues to cool – investors are much more pessimistic
The German private equity market experienced a further loss of confidence in the second quarter of this year. The sentiment indicator of the later-stage segment fell by 17.8 points to -24.7 balance points. Business expectations were more heavily affected than situation assessments. The indicator for the current business situation slipped by 13.2 points to -10.9 balance points. The indicator for business expectations plunged by 22.5 points to -38.5 balance points.
Mood on German VC market turns frostier – sentiment signal turned red
A historic interest rate increase by the Fed in the US and expectations of a tighter course by the ECB caused sentiment in the German VC market to continue nosediving in the second quarter. The business climate indicator of the early-stage segment dropped by 26.0 points to -18.5 balance points. Business expectations have fallen more sharply than situation assessments. The indicator for the current business situation dropped to -7.6 balance points (-20.6), while the indicator for business expectations fell by 31.4 points to -29.4 balance points.
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