German Private Equity Barometer 4th Quarter 2025

The mood among German private equity investors is brightening. The business climate indicator for the segment of the private equity capital market that targets investments in established enterprises surged by 20.0 points to -16.7 balance points in the fourth quarter of 2025. After the jump in confidence in the second quarter and the hard landing in the third quarter, the rollercoaster of emotions in the German private equity market thus continued up to the end of the year. The indicator for current business situation assessments increased by 29.5 points to -11.2 balance points, a steeper increase than the indicator for expectations, which climbed by 10.5 points to -22.1 balance points.

German Private Equity Barometer 4th Quarter 2025(PDF, 206 KB, accessible)

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