Active venture capital funds made a very impressive closure of 2018, far exceeding historical averages. These high last-quarter returns remain associated with comparatively low risk and shorter time-to-liquidity, as VC funds capitalize on a favorable exit environment.

While Q4 recorded an increase in multiple of investments of VC funds in general, Q1 2019 marked a relative stabilization. The situation of US VC Funds has not evolved radically. Western European VC funds continue to significantly outperform the long-term average.

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