Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222967
Authors: 
Kraemer-Eis, Helmut
Botsari, Antonia
Lang, Frank
Pal, Kristian
Pavlova, Elitsa
Signore, Simone
Torfs, Wouter
Year of Publication: 
2020
Series/Report no.: 
EIF Working Paper No. 2020/64
Abstract: 
This paper provides unique insights into the impact of the COVID-19 crisis on the European private equity (PE) and venture capital (VC) ecosystem. It achieves this purpose in two ways. By exploiting the recent survey wave of EIF's signature BA/VC/PE MM survey series, which was launched just prior to the COVID-19 outbreak in Europe, we are able to gauge how the pandemic changed the sentiment among European fund managers. This qualitative exercise is complemented by the results from a simple time series model that simulates the potential impact of the COVID-19 pandemic on the European PE and VC markets. Our analysis provides evidence that the European PE/VC ecosystem faces unprecedented challenges in the aftermath of the COVID-19 pandemic. A strong policy response in support of the PE/VC markets is imperative, to which EIF will be an indispensable contributor.
Document Type: 
Working Paper

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