硅谷银行（SVB）：2024年下半年全球基金银行业展望报告（英文版）（25页）.pdf

1、Internal2As the year began,we asked fund Chief Financial Officers(CFOs)about their 2024 outlook.Somewhat surprisingly,we were met with optimism.Few projected further deterioration in fundraising conditions or continued markdowns in venture capital(VC)and growth funds that typified 2023.Looking back

2、over the first part of this year,we find that CFOs were right to be optimistic.At a macro level,we have so far avoided the much-feared“hard landing”that so many predicted.The pace of deals has stabilized at pre-COVID levels.The resiliency of the market is reflected in borrowing levels,with funds use

3、 of capital call lines of credit higher than might have been expected.Still,exit markets remain tough,and the subsequent effects of this lack of liquidity are being felt across the ecosystem.Fundraising numbers are down compared to the past few years,leading to a dip in dry powder.Despite these chal

4、lenges,fund managers continue to invest in their firms,using some of the same artificial intelligence(AI)technologies they have helped to create through investments in promising tech companies.More than half of the CFOs we surveyed are looking to AI solutions for a variety of tasks,from data collect

5、ion to deal sourcing.As we move into the final stretch of what has been a dynamic year,the industry remains resilient and adaptable.While challenges persist,the proactive strategies and innovative approaches embraced by fund managers provide a strong foundation for future growth.Special thanks to Jo

6、celyn and David at Kirkland&Ellis and Howard and Ryan at Proskauer for their contribution and valuable insights in this latest edition of our report.Our fund banking team produces this report twice a year as part of our effort to help private funds CFOs and COOs understand whats driving the private