SVB – Outlook Report, 1H 2024

The private market investors have experienced highs and lows in recent years, with 2023 being a particularly challenging year due to decreased fundraising and investment. However, there are signs of normalization and potential recovery in 2024, with new funds being raised at a slower pace and investors showing optimism about asset management increases. Dry powder levels in the venture capital space decreased for the first time in over a decade, leading to increased deployment pressure for older funds. Despite challenges such as talent acquisition, there is a sense of market "normalization" with stable CCLOC utilization rates and credit line advances. The outlook for 2024 is optimistic, with expectations of a recovery in the private markets due to the resilience and determination of investors.