Private equity hope evaporates
Venture capitalists' confidence has hit an all-time low with only one in a hundred seeing an improvement in the economy, a new survey as found.
According to Deloitte & Touche’s latest private equity confidence survey, eight out of ten VCs believe the economic situation will deteriorate over the next six months, and a similar number think it will become increasingly difficult to raise finance for emerging companies.
The survey revealed signs that while deal activity might pick up in six months time, VCs were pessimistic about exits from their investments.
Deloittes corporate finance partner Quentin Barry said: ‘Given world events since the last survey, pessimism is to be expected.’
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