SECA Yearbook 2021 (SECA (Swiss Private Equity and Corporate Finance Association))
Summary
- Global private equity dealmaking recovered in the second half of 2020 to reach approximately USD 600 billion for the year.p.8
- Global private equity fundraising dropped approximately 19% in 2020 relative to 2019 due to market uncertainty and travel restrictions.p.10
- Swiss biotech start-ups raised over CHF 800 million in 2020, representing an increase of 31% compared to the prior year.p.18
- Sustainable financial investments in Switzerland grew from CHF 141.7 billion in 2015 to over CHF 1,163 billion in 2019.p.32
Key insights
- Global private equity deal volume fell more than 20% in the first half of 2020 before experiencing a sharp recovery in the second half.p.8
- Private equity funds entered 2021 with global dry powder exceeding CHF 3 trillion.p.10
- Only 321 venture capital funds closed globally in 2020, with first-time managers raising just 50 of those funds.p.11
- The Swiss Federal Council established a startup guarantee support program worth CHF 154 million in response to the pandemic.p.13
- Swiss venture capital financing rounds increased by 14% year-over-year in 2020 to reach 304 rounds.p.22
- Global private equity fundraising totaled USD 367.1 billion across 587 closed funds in 2020.p.25
- Amendments to the Swiss OPP2 ordinance created a dedicated asset class for direct infrastructure investments capped at 10% of total assets.p.34
- Global assets under management in cryptocurrency hedge funds doubled from 1 billion USD in 2019 to 2 billion USD in 2020.p.41
- Public tender offers accounted for approximately 3% of all M&A transactions involving Swiss target companies between 2010 and 2020.p.48
Topics and entities
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