An overview of the Austrian market

Compared to other European markets, the Austrian private equity market is still very small and underdeveloped. Nevertheless, it has taken a sharp upturn in recent times. In Austria, the funds made available for investment have increased significantly from E1m in 1995 to E163m in 2000 - a record year so far. Government incentives, such as federal guarantees, have begun to take effect with the result that private equity is becoming increasingly important. Stefan Weber of Saxinger Chalupsky Weber & Partners looks at recent developments.