Venture Debt

With traditional routes to finance drying up, tech firms are weighing up their direct lending options.

After a year-and-a-half of deliberations, the SEC has approved new regulations for private funds, but the end result is seen as less harsh than the original proposal.

In the wake of Silicon Valley Bank’s collapse, the venture market has suffered turbulence – but the shakeout could also present new opportunities.

Although Silicon Valley Bank is still doing deals, a number of players are maneuvering to fill the chasm its implosion created.

Direct lending, speciality finance and venture debt are among the opportunities set to appeal to investors

The deal will see the Kreos investment team join BlackRock and will expand the asset manager’s risk/return offering in private credit.

To thrive over the next decade, fund managers will need to demonstrate their strategy and execution expertise, says Ted Koenig, chairman and CEO of Monroe Capital.

The fund will enable existing portfolio companies to access further capital for growth.

The firm’s seventh debt fund is thought to have secured more than €1bn of commitments with a final close expected later this year.