PE’s tech infatuation
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Tech-focused dry powder has almost doubled since 2016. The latest returns data available is through March of this year, when it totaled $93.1 billion across North America and Europe. That marked a 93% increase since 2016’s cumulative $48.2 billion, according to PitchBook’s latest analyst note on tech funds. The vast majority of PE tech AUM is housed in the US; over the past 20 years, North America has contributed over 95% of tech-focused PE capital between the two continents.