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Venture Debt
Spring thaws venture debt market, but not everyone is feeling the warmth
March 14, 2024Entrants post-SVB era precipitated a thaw in the frozen venture debt market.Article
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Venture Debt
Early-stage startups seeking venture debt find investor prestige isn’t enough
March 13, 2024Securing venture debt is a challenge even for founders with name-brand backers as lenders get more aggressive on due diligence.Article
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Weekend Analysis
One year after SVB, the throne sits empty
March 8, 2024In the immediate aftermath of the collapse, the industry was ready for a shift to non-bank lenders. But it has now returned to borrowing from banks.Article
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SVB
How 4 post-SVB crisis predictions panned out
December 11, 2023If you’re a founder who’s raised venture capital but your business is still pre-revenue, the glory days of securing a mortgage with Silicon Valley Bank or First Republic are over.Article
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Venture Debt
Venture debt lender WTI targets $600M fund
September 26, 2023Western Technology Investment is eyeing $600 million for its 11th venture debt fund, per a regulatory filing.Article
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PB Q&A
Q&A: JP Morgan’s strategy to become the venture bank to beat
September 10, 2023Startups’ balance sheets aren’t looking as healthy as they did two years ago. The tough environment is prompting investors and lenders alike to offer different advice than founders might be used to hearing. Melissa Smith, managing director at JP Morgan, explains.Article
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SVB
Banks poised to rebound in venture debt market
August 3, 2023Private venture debt funds took market share from banks after the SVB crisis, but their dominance could prove to be temporary.Article
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Venture Debt
1,500 SVB clients make fresh deposits under First Citizens
August 2, 2023First Citizens Bank’s campaign to hold onto the equity-rich client base of Silicon Valley Bank seems to be paying off.Article
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Private Debt
Venture debt deals decline 38%, led by SVB’s core market
July 12, 2023The earliest stages of the startup world have seen the sharpest contraction in venture lending.Article
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Venture Ecosystem
US investors ditch European VC for domestic deals
June 20, 2023US investor participation in European VC deals has come in lower than our analysts expected for this year and lower, so far, than in previous years.Article
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Venture Debt
Q&A: Armentum’s John Markell on venture debt post-SVB
May 31, 2023Silicon Valley Bank’s collapse was a contributor to the challenging debt environment, but it was far from the only one.Article
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Private Debt
Venture debt BDCs thrive in VC, bank pullback
May 31, 2023We tracked five venture debt BDCs that posted solid earnings in Q1 due to higher base rates and favorable pricing trends, but a volatile market still poses risks to these lenders.Article
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SVB
First Citizens accuses ex-SVB staffers of scheme to ‘plunder’ secrets in HSBC lawsuit
May 21, 2023The lawsuit charges defendants with theft of confidential, proprietary and trade secret information, including details on SVB’s clients, loan book and salaries.Article
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PB Q&A
HSBC tech exec on building an innovation practice in a post-SVB market
May 16, 2023David Sabow, head of HSBC’s technology and healthcare business, talks about how the bank is building its tech practice and the opportunities to be found in today’s market.Article
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M&A
PE turns to add-ons with large LBOs out of reach
May 15, 2023Private equity finds some relief in add-ons acquisitions as the affordable debt supply dwindles, making large leveraged buyouts difficult to finance.Article
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SVB
Tracker: The banks scooping up ex-SVB talent
May 15, 2023HSBC, Stifel and Moelis & Co. have added at least 50 senior bankers from Silicon Valley Bank since its collapse.Article
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SVB
First Citizens vies for SVB client base as it pulls in $9.5B profit
May 9, 2023First Citizens Bancshares deposits jumped 57% in Q1 from $89 billion to $140 billion following its purchase of collapsed Silicon Valley Bank, catapulting the lender into the ranks of the top 20 US banks by assets.Article
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Lending
Tighter bank lending opens the way for private debt firms
May 8, 2023As banks rein in lending amid liquidity concerns, private debt firms are eager to step in to fill the void.Article
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