British Patient Capital’s Post

British Business Bank’s UK Venture Capital Financial Returns 2024 report shows a positive outlook for life sciences 📈 Life sciences funds have outperformed others with realised returns, showing their resilience and potential. This is significant considering this is a sector often requiring extensive upfront R&D before commercialising 🔬 It's also great to see that British Patient Capital-baked funds are delivering higher median returns than the market across key performance metrics. This shows we are delivering on fueling long-term investments in the UK’s high-potential, innovative companies 🚀 Read our full response to the report's findings here: https://lnkd.in/dnXxssCc #VentureCapital #LifeSciences #BritishPatientCapital #Innovation #Investment

𝐓𝐡𝐞 𝐔𝐊 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐭𝐮𝐫𝐧𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒 by the British Business Bank offers an in-depth look at two decades of UK venture capital performance, comparing returns across regions and sectors, and shedding light on current market conditions. Here are some highlights:   💼 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 UK VC funds from 2002-2019 have seen returns just shy of those in the US and Europe. Older UK vintages (2002-2007) outperformed both regions, proving UK funds' strength over the long term.   📊 𝐒𝐞𝐜𝐭𝐨𝐫 𝐓𝐫𝐞𝐧𝐝𝐬 While life sciences funds show lower total values than the broader market, they excel on realised returns, with a DPI of 1.14. Meanwhile, green tech funds are catching up, closing the gap with the broader market after a challenging decade.   💡𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐚𝐥𝐢𝐭𝐢𝐞𝐬 Fundraising remains a struggle: 69% of surveyed UK VC fund managers rated conditions for new fund-raising as poor, though most expect exits to improve in the coming year. 🔗 Full report 👉https://lnkd.in/eV2eqDUp  #UKVC #VentureCapital #FinancialReturns #GreenTech #LifeSciences #Investment #VCLandscape 

European private equity and venture capital consistently outperform public market benchmarks and deliver net returns on a par with North American funds – a global reference. ➡️ European Buy-Outs delivered a net IRR of 15.17%, over 950 basis points ahead of the 5.52% return for the MSCI Europe to the end of 2022. Mid-market Buy-Outs, European private equity’s engine room, generated the best performance of the segment with a net IRR of 16.55%, almost 10 percentage points ahead of the benchmark over the same period. ➡️ European Growth funds maintained the strongest returns since inception of any segment with a net IRR of 15.34% to the end of 2022, increasing its strong lead over the MSCI Europe which returned 6.03% over the same time frame. European Growth funds narrowed the gap on North American funds with strong net IRRs of 21.63% over three years and 20.39% over five years, underlining increasing industry maturity and strengthening performance from European scale-ups. ➡️ Over medium to long time horizons, European Venture Capital continued to perform strongly and eclipsed North America with net IRRs of 31.44% over five years and 23.07% over ten years. Returns for up to the 20-year mark are now ahead of the North American peer group, demonstrating the strength of Europe’s VC ecosystem and the growth trajectory of the continent’s start-ups. https://lnkd.in/eA8mYaUE Members can download our annual Performance of European Private Equity report 2022 here: https://bit.ly/PMEReport #PrivateEquity #PrivateEquityPerformance #BuildingBetterBusinesses #VentureCapital

European private equity and venture capital consistently outperform public market benchmarks and deliver net returns on a par with North American funds – a global reference. ➡️ European Buy-Outs delivered a net IRR of 15.17%, over 950 basis points ahead of the 5.52% return for the MSCI Europe to the end of 2022. Mid-market Buy-Outs, European private equity’s engine room, generated the best performance of the segment with a net IRR of 16.55%, almost 10 percentage points ahead of the benchmark over the same period. ➡️ European Growth funds maintained the strongest returns since inception of any segment with a net IRR of 15.34% to the end of 2022, increasing its strong lead over the MSCI Europe which returned 6.03% over the same time frame. European Growth funds narrowed the gap on North American funds with strong net IRRs of 21.63% over three years and 20.39% over five years, underlining increasing industry maturity and strengthening performance from European scale-ups. ➡️ Over medium to long time horizons, European Venture Capital continued to perform strongly and eclipsed North America with net IRRs of 31.44% over five years and 23.07% over ten years. Returns for up to the 20-year mark are now ahead of the North American peer group, demonstrating the strength of Europe’s VC ecosystem and the growth trajectory of the continent’s start-ups. #PrivateEquity #PrivateEquityPerformance #BuildingBetterBusinesses #VentureCapital

We just launched the 2nd edition of our Europe 250 report where we rank the largest, most active private equity investors. 🏆 We reveal the top players in the continent based on managed enterprise value (EV). We also take a more nuanced look at the private equity landscape by breaking down the top 50 investors for every European region and sector. 👉 Read it here: https://lnkd.in/ginAejSR #privateequityinvestors #investorranking #theeurope250

📣 Discover the top private equity investors in Europe in our latest edition of “Europe 250.” After analyzing the largest, most active investors in the continent based on total managed enterprise value (EV), here are our key findings: 🔎 The top players in Europe are CVC Capital Partners (approx. EV of €70bn), EQT Group (€61bn) and KKR (€60bn). 🔎 American and British investors dominate the ranking, with sponsors HQ’d in those regions managing an EV of €420bn (26% share) and €373bn (23%) respectively. 🔎 The Europe 250 landscape is fairly concentrated at the upper end, with the top 25 investors managing 46% of the Europe 250 EV and the top 50 managing 66% of the EV. For even more insights on the private equity landscape, as well as a more nuanced look at the top investors in specific investment regions and sectors, read the full report here 👉 https://okt.to/s6dEky #privateequityinvestors #investorranking #theeurope250

Private Equity and Venture Capital returns - Driving UK growing businesses and returns for savers. 📈📉📈📉📊📈💹 Today we will be releasing the next edition of the British Private Equity & Venture Capital Association (BVCA) Performance Measurement Survey Report, in association with PwC UK. I will be joined by Rob Asplin Fraser McLatchie Jeremy Lytle and Suzi Gillespie for a discussion of the survey results, the implications for investors and the wider industry and a forward look to how hashtag#returns may be impacted by the current economic environment. We might even mention the hashtag#generalelection. BVCA members can sign up for this complimentary webinar here: https://lnkd.in/eUFaXqhy #research #data #privateequity #privatecapital #venturecapital

According to a new report by Invest Europe, government agencies contributed 37% (€4.2bn) of the €11.2bn of funds with known LPs raised by VCs across 2023, up from 16% (€2.8bn) the previous year. Including unclassified funds — those that Invest Europe couldn't track a source for — total investment into European VC in 2023 was €14.2bn.

I recently had the privilege of attending the insightful Private Equity and Venture Capital conference organized by the PE&VC Club - a Professional IESE Student Club at IESE Business School in Barcelona. This annual event never fails to impress, providing a unique platform to engage with industry leaders such as #KKR, #CVC, #Carlyle, and #HIG. The roundtable discussions were rich with shared experiences, emerging trends, and forward-looking perspectives. It was also a great opportunity to forge new connections in the industry. This year, discussions centered on the shifting economic landscape, which has spurred an increase in activity across the Private Equity and Venture Capital sectors. Notably, after last year’s challenges, the outlook for 2024 looks promising, especially for Venture Capital, bolstered by substantial backing from the European Investment Fund (EIF), which is committing over €3.7 billion to approximately 800 venture capital funds. Moreover, potential shifts in central bank interest rate policies could further enhance this positive momentum within the alternative investment sphere. #privateequity #venturecapital #finance

We just launched the 2nd edition of our Europe 250 report where we rank the largest, most active private equity investors. 🏆 We reveal the top players in the continent based on managed enterprise value (EV). We also take a more nuanced look at the private equity landscape by breaking down the top 50 investors for every European region and sector. 👉 Read it here: https://lnkd.in/edj2ktz3 #privateequityinvestors #investorranking #theeurope250