Europe’s sluggish private markets recovery offers few surprises
As we reach the halfway point of 2024, our early predictions of a muted recovery for European private capital are largely being borne out.
Our 2024 European Private Capital Outlook: Midyear Update reveals that across the market, both deal and exit activity are down amid tough market conditions. As expected, megadeals have suffered, accounting for just over 20% of deal value—versus an average of 32% from 2013 to 2022.
Liquidity issues also persist, with the region’s PE investment/exits ratio tracking higher. Fundraising also continues to be increasingly concentrated. So far this year, the three biggest European funds have accounted for 61.3% of all European PE capital raised.