The growth capital discrepancy

Growth equity is big business. Last year, according to data from the European Venture Capital Association (EVCA), ten growth capital funds raised €3bn, one fund and €1bn more than 2007. Investment almost doubled to more than €7bn, with €5bn of this coming from buyout funds alone, which is more than the total amount invested in 2007 in growth capital deals by venture, growth and buyout funds (€4.3bn). Buyout funds contributed an extraordinary 70% of total growth capital investment in 2008.