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The beginning of a brand new season is all the time an excellent time to revisit previous predictions and search for new matters to trace. Right this moment, dry powder and college spinouts. — Anna

File ranges of dry powder in Europe?

In November of final 12 months, PitchBook made so many predictions on enterprise capital and personal fairness in Europe that it’s now reexamining them in a recent report.

The brand new report, titled “European Non-public Capital Outlook: H1 Observe-Up,” doesn’t simply take a look at whether or not PitchBook analysts had been proper or improper. It additionally reevaluates its forecasts and what modified since then to make new assertions.

A number of of PitchBook’s new predictions need to do with non-public fairness, however the one which caught my consideration relates extra on to startups: the quantity of enterprise capital which will or will not be obtainable to them.

Also known as dry powder, the cash raised by VC funds that hasn’t been invested but was anticipated by PitchBook to succeed in report ranges in Europe this 12 months. Its EMEA Non-public Capital analyst Nicolas Moura stands by the prediction, however the nuances between then and now are value exploring.