Private equity and venture capital fundraising in Europe in 2020 hit €100.5 billion ($123.4 billion), down 12.2% vs. 2019, due to the coronavirus pandemic.

A report by Invest Europe, a trade association that represents Europe's private equity, venture capital and infrastructure sectors, showed Thursday that although fundraising fell from 2019's record high of €114.5 billion and was lower than the €103 billion raised in 2018, the 2020 figures were still higher than results recorded for most of the last decade. READ MORE