News from 2025-11-13 / KfW Research

German Private Equity Barometer 3rd Quarter 2025

Private equity sentiment: Hard landing after a jump in confidence

After the previous surge in sentiment in the German private equity market, the development in the third quarter is sobering. The business climate indicator for the segment of the private equity capital market that targets investments in established enterprises plunged by 33.3 points to -36.9 balance points and has thus lost all the gains of the second quarter. Assessments of the business situation today and for the next six months (expectations) both fell steeply.

German Private Equity Barometer 3rd Quarter 2025

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