02064nam a2200289 4500 1/51396 080128s2008 be u pdd 1 a0eng d 9789279082443 1016-8060 (print) 1725-3187 (online) KC-AI-08-319-EN-C 37371 GR-PeUP ΚΕΤ Αλφαβητική σειρά Raade, Kristiina. Recent developments in the European private equity markets / Kristiina Raade, Catarina Dantas Machado. Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2008. 32 σ. : διαγ. πιν. ; 30 εκ. European Economy. Economic papers ; This paper examines market developments in venture capital and buyout investment in Europe and the United States through the analysis of funds raised, investments and exits. It discusses the profitability differential of European venture capital investment in comparison with the United States and suggests that it could originate in the different ways in which research is financed and the unequal supply of financing, notably from business angels, for young companies that are not sufficiently mature for venture capital financing. Investment performance measures used are the internal rate of return (IRR) and investment multiples. The analysis covers aggregated industry returns and venture capital funds' returns aggregated by vintage year. It relies on the VentureXpert™ private equity and venture capital performance database, maintained by Thomson Financial. Economic Papers Machado Rosa, Catarina Dantas. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers April 2008, No 319. European Economy. Economic papers ; 319. INST UNIPILB KET 20090303 EEEP 319 EEEP 319 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary12425_en.htm