Olav Ostin: Secondaries market to grow as European VC struggles to exit

Our managing partner Olav Ostin was interviewed for PitchBook Data on the expected growth of the European venture secondaries market. Speaking to Pitchbook’s Leah Hodgson, Olav discussed how increased volatility in the public markets for tech companies has reduced appetite for VC-backed exits in Europe and how this in turn has caused Europe’s nascent secondaries market to heat up. 

As Europe’s VC ecosystem becomes larger and more mature, and with VC-backed companies remaining private for longer, secondaries are growing more appealing. 

“If you have assets left in a fund at the end of its lifecycle, then you’re going to have to do a secondaries deal. In the good times, LPs might give you more time, but there’s no incentive when the markets go down. I think we’re going to see a tsunami of these deals in 2022.” – Olav Ostin, Managing Partner, TempoCap.

Read more: PitchBook

Source: Pitchbook