Table 1.

The main features of the Hungarian venture capital market prior to and after the appearance of JEREMIE venture capital funds

FeaturePrior JEREMIE fundsAfter JEREMIE funds appeared
Supply of VCScarce capitalOversupply of capital
ActivityLow activityHigh volume of investments
Background of limited partnersMostly international, regional investorsDomestic investors (hybrid and government-backed investors)
Investment focusMature firms (buyouts)Young firms (traditional VC)
relationship of general and limited partnersIndependent financial intermediationCaptive funds (LPs and GPs are not independent)
Source: Author’s own compilation

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