Does Academic Lineage Generate Excess Returns? Evidence from Deep-Tech Venture Capital
Mutual fund managers earn up to 7.8 percent a year more on firms whose board members share their educational networks.
Company · UN · 23 documents
Mutual fund managers earn up to 7.8 percent a year more on firms whose board members share their educational networks.
In the Post-period, AI accounts for around 60% of VC investment volume in the US, compared to roughly 31% in Europe.
The study examines 744 early-stage healthcare ventures entering private financing between 2011–2024.
Pitchbook issued its latest global VC ranking, placing Accel, Index Ventures, Sequoia, Benchmark, and Andreessen Horowitz in its top five.
In H1 2026, US VC deal value reached $412.7 billion with megadeals of $100 million or more representing 87.5% of total capital deployed.
OpenAI's $122 billion round collected more value than all other quarterly totals ever recorded in US venture capital.
UK private capital markets face a structural liquidity gap, with PE sponsors deploying capital at a 2.1x deployment-to-exit ratio between 2021 and 2025.
Acquisition-related deals made up 75% of all activity by count YTD, leading estimated volume at €11.7 billion.
European VC deal value reached €21.9 billion in Q1 2026, driven by unprecedented AI deal penetration of 61.3%.
Digital payment transactions in the European Union increased from 4.8% of total transactions in 2007 to 73.3% in 2014.
In Q4 2025, $91.6 billion was deployed across an estimated 4,482 VC deals in the US market.
Indigenous technology and services sector exports grew by 7%, reaching €9.05 billion in 2024.
In YTD 2026, U.S. seed capital invested reached $19B across a projected 4,724E deal count, with a median seed deal size of $3.0M.
KKR forecasts US real GDP growth of 2.3% for 2026e with inflation at 3.5% and a 10-year government bond yield ending at 5.1%.
In Q2 2025, VC firms deployed $69.9 billion across an estimated 4,001 deals, marking a 24.8% QoQ decline in total deal value.
Aggregate venture debt deal value in 2024 surged past $53 billion despite transaction volume falling below 1,400 completed deals.
Enterprise Ireland has invested over €90 million in over 200 Irish-born fintech, financial, or related business services companies.
US venture deal activity reached 3,775 completed deals in Q3, putting total full-year deal value on track for $175.2 billion.
The visible angel investment market in Europe reached 1,220 Million Euros in 2024, reflecting a -2,8% decrease from 1,255 Million Euros in 2023.
Combining 2021 and 2022 accounted for one third of all VC volumes invested since 2007.
SECA represents more than 500 members including investment companies, banks, corporate finance advisors, auditing firms, lawyers, and private investors in Switzerland.
Global private equity dealmaking recovered in the second half of 2020 to reach approximately USD 600 billion for the year.
European VC-backed companies raised $7.9B across 804 deals in Q4'19.