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Coming of age: the European venture capital industry

The long-term prospects for private equity are good, with venture capital functioning as a mature industry by 2005, according to this report by Brask & Company. There will be some pain on the way, however, as the market undergoes a period of consolidation following the unsustainable environment created by the technology bubble.

The short to medium-term outlook does not look too good with exit routes expected to remain closed until the end of 2002, experiencing only a slight recovery in 2003. This will only serve as a catalyst to reform and by 2005 the private equity industry can expect to have a very different landscape.

Copyright © 2002 Brask & Company

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Brask & Company is an investment bank created on the principle of innovative corporate finance and impartial global research. For more information please visit www.braskandcompany.com