From Venture Capital to Private Equity
- Balboa, Marina
- Martí, José
ISSN: 1096-5572, 2168-8508
Datum der Publikation: 2004
Ausgabe: 7
Nummer: 2
Seiten: 54-63
Art: Artikel
Andere Publikationen in: The Journal of Private Equity
Zusammenfassung
This article analyzes the evolution of the Spanish venture capital and private equity markets during the last 16 years, making at the same time a comparison with that experienced by the European markets. The aim of the article is to identify some key ideas that could explain the shift in the investment focus from the original concept of venture capital to the wider approach of private equity. Evidence of a shift towards mature companies is found, the difficulties in the exit processes of early-stage investments being the main constraint on real venture capital activity.