LPs from around the world are becoming increasingly interested in European tech. They recognise the quality of technical talent in Europe and want access to this potential. There is also a realisation that the next Silicon Valley isn't going to be a single location; instead, it will be a number of cities that attract and aggregate the world's best talent and build ecosystems around this.
I see far more openness to European VC than when we raised our first fund four years ago. There are more examples of big outcomes in recent years that I think are fuelling that interest, and far lower in-prices and relatively less competition (although I think that's changing in the later stage rounds when it's more of a global investor universe). There are also more operators coming onto the investment side (instead of retiring!), and that's a really positive force for the ecosystem as a whole.