There will be more data as the industry will be growing, more searchers, more acquisitions, more exits.., more holdings..., fewer statistical errors.., etc...

To me these seem like two separate points that are not necessarily linked. One, exits in N. America are fewer. And two, searchers in Europe are increasing. On the first this is quite intuitive - M&A activity is linked to economic activity, financing conditions, etc. In the US, and generally speaking across the world, it is well known that fewer companies are being sold (I am sure you have read how the holding periods of PE funds has increased since rates have increased). People are just waiting/hoping for valuations to recover to preredactedRe more searchers in Europe, I don’t have data but anecdotally I have seen this.