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Alternative Market Briefing

Private equity & venture capital dominates alternatives market in Germany

Wednesday, July 24, 2019

Laxman Pai, Opalesque Asia:

Just over €23bn is held in AUM by Germany-based private equity & venture capital fund managers, making it the largest alternatives market in the country, said Preqin.

Germany has emerged as a global venture capital hub in recent years, with only the UK market recording more venture capital deals in Europe since the start of 2018, it said.

Looking to be a part of the next German venture capital success story, there is much demand for startup investment amid a growing universe of fund managers and investors.

Activity in Germany has more than trebled since 2014, when €1.1bn of venture capital deals were completed, to record €3.7bn of deals in 2018.

As in the global venture capital market, valuations have been on the rise: the increase in aggregate deal value since 2014 was accompanied by relatively flat annual deal numbers.

Unicorn sightings on the rise

Unlike the rest of Europe, the technology industry in Germany attributes its strength to the decentralization of the startup market, with active regional hubs in Munich, Hamburg and Frankfurt cultivating a healthy amount of 'unicorns' across the country - privately held startup companies valued at over $1bn.

Hamburg-based XING, a European career-oriented social networking site that enables a small-world network for professionals, became a unicorn company in 2015.

Munich-based Scout24 listed on the Frankfurt Stock Exchange in 2015 and in 2018 was admi......................

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