Latest market analysis from the British Business Bank finds early stage venture capital funds have the potential to generate higher returns than later stage VC funds. Early stage VC funds generated a pooled Distributions to Paid In (DPI) multiple of 1.43 and pooled Total Value to Paid In (TVPI) multiple 1.99, which is 0.73 and 0.71 pp higher than later stage VC funds.
The new report, UK Venture Capital Financial Returns 2020, draws together data from existing data sources including PitchBook and Preqin, and from the Bank’s own programmes, as well as a new survey of fund managers, to provide as comprehensive a picture as possible of the asset class and its performance.
