So many VC and Growth PE funds had SVB as their fund custodian... are they screwed?
I'm on Pitchbook combing through PE/VC funds that have exposure to SVB... saw like 20 of the biggest names in VC and Growth with a lot of their funds with dry powder being under custody from SVB.
Will these guys just not be able to do deals? What would be the implication of this? High quality assets with no one to turn to for cash? Would VC funds start downsizing due to lack of deal flow?
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