Confidence in European venture remains low, says survey

The survey canvassed the opinions of 403 global GPs which broadly stated that their confidence about investing in European venture fell by 3% year-on-year, down to 2.44. Confidence levels in this survey were measured on a scale from 1 to 5, with 5 representing the highest confidence level.

GPs from the UK were less keen on European investment opportunities compared to last year's survey, with their confidence falling by 10%. The confidence of Dutch GPs fell by 17% while the confidence of German GPs grew by 2%.

The survey also reveals that GPs are more confident in domestic rather than cross-border investments: the average confidence level in the latter stood at 2.83, while the average confidence index for domestic investments came in at 3.53.

The GPs surveyed appeared rather pessimistic about the energy and clean-tech sectors, with confidence decreasing by 12%  and investment opportunities such as solar, wind, hydro and nuclear scoring lowest. As part of its new sector focus series, unquote" recently reported on how deals in the renewables sector are switching focus from asset-focused to high-tech investments.

Meanwhile, GPs' confidence in the ability to raise funds from domestic LPs in the next year decreased by 3% to 2.72. Furthermore, the level of confidence in raising funds abroad fell by 5% to 2.79.

The full survey is available here.

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