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Alternative Market Briefing

International funds dominate Norway's private equity and venture capital market

Tuesday, July 30, 2019

Laxman Pai, Opalesque Asia:

Activity in the private equity & venture capital market in Norway in 2018 was higher than any level recorded before 2016, despite taking a hit in Q4 as a result of the drop in oil prices, Preqin said.

The lion's share of deals was made by local players, but in terms of the capital invested, international funds dominated, suggesting the Norwegian market continues to be attractive for foreign investors despite increased tension in global trade and political unrest in other parts of Europe and the UK, the provider of financial data and information on the alternative assets market said in its report on alternative assets in Europe.

The fundraising environment has been strong, and Nordic players have significant dry powder to be deployed over the next year, resulting in a competitive market, with valuations reaching pre-crisis levels.

The dry powder also contributes to continued high deal activity, suggesting 2019 could see investment levels on par with, or exceeding, 2018 levels.

In the venture space, Norway saw deal volumes and values in the seed space increase in 2018 to the highest values in a decade.

Larger venture capital deals are rarer, mirroring the Norwegian venture market where larger venture funds are few and far between, while political will and action coupled with a vibrant startup scene have contributed to a surge in activity in the early stage space with business angels, family offices and government-backed......................

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