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Laxman Pai, Opalesque Asia: UK private equity fundraising surged to more than £47.5bn ($60bn) last year amid a more than doubling of capital flowing into venture capital fundraises, said a study.
UK private equity and venture capital investment reached £22.33 billion in 2019, an increase of £1.6 billion on the previous year, new research from the BVCA showed.
BVCA's annual Report on Investment Activity said that a total of 1,530 companies received backing in 2019, an increase of 15% on the 2018 figures.
Venture capital investment increased by 67% year-on-year to £1.65 billion with 821 companies backed, an 18% increase, it said.
The South West of England received the largest amount of private equity and venture capital investment (11.6%) outside of London and the South East, followed by the North West (9.6%) and the West Midlands (7.8%).
The technology sector saw the largest number of deals and investment in 2019, accounting for 37.1% of all companies, and 26.8% of total investment.
According to the report, pension funds provided 38% of all capital raised followed by sovereign wealth funds (14%) and fund of funds (11%).
Michael Moore, Director General of the BVCA, said: "As long-term, responsible investors, private equity and venture capital have a key role in supporting the recovery post-COVID. What these 2019 figures demonstrate is the size of our industry's economic impact, building businesses, and jobs across the UK. I am under no illusions that the...................... To view our full article Click here
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