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eFront: European Venture Capital Matches US Performance

Paris-based tech data firm eFront published research today showing that, whilst European venture capital funds are often compared unfavourably to their US peers, analysis from eFront shows that this consensus has been reached through a biased analysis of data, and European VC funds have actually matched the performance of US funds over the past 20 years. According to eFront the all-time pooled IRR US venture funds is nearly 10 percentage points higher than for European ones at 14.35% versus 4.95% in US dollars. However in euros, once sample biases are corrected, Western European venture funds generated a pooled IRR of 4.61%, compared with...