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German Private Equity Barometer / German Venture Capital Barometer

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 taken from a quarterly survey of the approx. 200 members of the German Private Equity and Venture Capital Association (Bundesverband Deutscher Kapitalbeteiligungsgesellschaften – BVK) and further German private equity companies. On the one side, the market climate in the later-stage segment is reported and on the other the market climate in the venture capital segment of the German equity capital market. The climate data are based on estimates from investment companies, with the focus being on established SMEs for the German Private Equity Barometer and on investment in start-ups and new technology companies for the German Venture Capital Barometer. All climate indicators show the average of the situation assessment (share "good" minus share "bad") and the balance of the expectations for the coming six months, which are determined in an analogous manner and adjusted for the relevant historical average.

Forwarding to KfW Research

GVCB, 3rd Quarter 2023 German VC market: Business sentiment continues to recover
GPEB, 3rd Quarter 2023 Private equity sentiment stabilised after setback
GVCB, 2nd Quarter 2023 VC sentiment rises again, high optimism is fraught with potential for setbacks
GPEB, 2nd Quarter 2023 Recovery has stalled: great setback for private equity sentiment
GVCB, 1st Quarter 2023 VC sentiment improved slightly but remains very low
GPEB, 1st Quarter 2023 Private equity sentiment on the path to recovery
GVCB, 4th Quarter 2022 VC sentiment in Germany cooled considerably at the end of the year
GPEB, 4th Quarter 2022 Private equity sentiment stabilised towards the end of the year
GPEB, 3rd Quarter 2022 Private equity sentiment drops to crisis level
GVCB, 3rd Quarter 2022 Sentiment in the German VC market is stabilising
GVCB, 2nd Quarter 2022 Mood on German VC market turns frostier – sentiment signal turned red
GPEB, 2nd Quarter 2022 Private equity market sentiment continues to cool – investors are much more pessimistic
GVCB, 1st Quarter 2022 VC sentiment plunges – interest rate reversal and war create high uncertainty
GPEB, 1st Quarter 2022 Private equity sentiment turns negative at start of year
GVCB, 4th Quarter 2021 VC sentiment maintained previous record level at the end of the year
GPEB, 4th Quarter 2021 Private equity sentiment is improving
GVCB, 3rd Quarter 2021 VC market sentiment climbs to new record high, but increases are minimal
GPEB, 3rd Quarter 2021 Private equity sentiment remains positive, almost unchanged
GVCB, 2nd Quarter 2021 VC market reaches new high: new top scores for confidence indicators
GPEB, 2nd Quarter 2021 Private equity sentiment positive again for first time since coronavirus shock
GVCB, 1st Quarter 2021 VC market off to a good start in 2021 – Sentiment continues to rise
GPEB, 1st Quarter 2021 Private equity sentiment brightened at the start of the year
GVCB, 4th Quarter 2020 VC sentiment indicator is back in the green, offsetting coronavirus losses
GPEB, 4th Quarter 2020 Private equity environment is improving only slowly
GVCB, 3rd Quarter 2020 VC market sentiment continues to inch out of the coronavirus slump
GPEB, 3rd Quarter 2020 Private equity market sentiment stabilised in late summer
GVCB, 2nd Quarter 2020 VC business confidence returns after the coronavirus shock
GPEB, 2nd Quarter 2020 Confidence returns to private equity market, reversing half of coronavirus slump
GVCB, 1st Quarter 2020 Coronavirus shock: VC sentiment crashes
GPEB, 1st Quarter 2020 Coronavirus crisis pushes private equity sentiment to near rock bottom
GVCB, 4th Quarter 2019 VC business climate continues to slide but remains in the green
GPEB, 4th Quarter 2019 Sentiment in the private equity market ends the year on average level
GVCB, 3rd Quarter 2019 VC business sentiment drops although situation has improved again
GPEB, 3rd Quarter 2019 Private equity market sentiment continues to fall
GVCB, 2nd Quarter 2019 Business climate in the VC industry recovers in weak market environment
GPEB, 2nd Quarter 2019 Sentiment in the German private equity market continues to decline
From Q2 2019 GPEB and GVCB
1st Quarter 2019 Year started off on a subdued note
4th Quarter 2018 Divided sentiment at the end of the year
3rd Quarter 2018 German private equity market: Business climate index remains very strong
2nd Quarter 2018 Sentiment in private equity market reaches new heights
1st Quarter 2018 German private equity market starts the year on a positive note
4th Quarter 2017 Sentiment on private equity market still very good
3rd Quarter 2017 Business confidence continues to break records
2nd Quarter 2017 Business climate continues to improve
1st Quarter 2017 Successful start for equity investors
4th Quarter 2016 Sentiment remained bullish in the final quarter
3rd Quarter 2016 Sentiment on the German Private Equity Market revived
2nd Quarter 2016 Business sentiment is stabilising again
1st Quarter 2016 Market sentiment drops sharply
4th Quarter 2015 Business climate remains very positive
3rd Quarter 2015 Business climate on VC market soars to new heights
2nd Quarter 2015 Upward trend stabilised in the early summer months
1st Quarter 2015 Tentative start to the year
4th Quarter 2014 Business climate increases as the year draws to a close
3rd Quarter 2014 Business climate still strong despite slowdown
2nd Quarter 2014 New-found optimism after restrained start into year
1th Quarter 2014 Subdued start to the new year
4th Quarter 2013 Year-end rally
3rd Quarter 2013 English
2nd Quarter 2013 English
1st Quarter 2013 Relatively optimistic economic forecasts