Publications

The Hungarian Venture Capital and Private Equity Association (HVCA) has published an industry position paper and a package of professional recommendations. The professional advocacy body outlines strategic measures and structural proposals to support the next phase of development of Hungary’s venture capital and private equity ecosystem, as well as to enhance the competitiveness of Hungarian enterprises.

Sustainable growth requires deeper integration of private market participants and a stable, predictable investment environment capable of encouraging long-term capital inflows. This is why HVCA has published an industry position paper and a package of professional recommendations.

Key findings for the European market:

• 85% of respondents are planning transactions within the next 12 months – primarily on the buy-side
• Deal volume in H1 2025: 7,888 (–15% compared to H1 2024)
• Total deal value in H1 2025: EUR 474bn (+5% YoY)
• Biggest challenges: financing (34%), valuation gaps (30%), and geopolitical risks (26%)
• Regions with the highest growth expectations: Benelux, UK&I, Austria and Switzerland

Key findings:

• In parallel with a challenging M&A environment, demand for transaction insurance has increased.
• Both the frequency and severity of claims are rising.
• Competition in a “soft market” environment is helping us secure even more favorable terms for our clients.
• We arranged more policies for strategic investor clients (55%) than for private equity firms (45%), reflecting a shift in market dynamics.