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Corona hits Nordic PE and VC after years with record activity: "If – and that's a big if – this succeeds, we should see a strong rebound"

Argentum Asset Management's yearly check-up found 2019 to be a healthy year for Nordic private equity and venture capital. The prognosis for 2020 is corona-riddled – but Argentum’s CEO expects activity to bounce back and most PE firms to weather the storm.

The fundraising results for private equity and venture capital were like night and day in 2019.

While private equity fundraising, which totaled EUR 4.1bn, was down 82 percent compared to 2018 and at its lowest since 2012, venture capital funds raised a record level of EUR 3bn, six times as much as in 2018.

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