Private Credit Funds, Banks Will Aggressively Push To Fill SVB’s Role — Likely At Higher Rates

With much of what once was Silicon Valley Bank falling into the hands of Raleigh, North Carolina-based First Citizens BancShares, it is fair to wonder what the future of lending and credit may look like for venture-backed startups.

SVB’s outsized role in venture debt and lending will be taken over not just by a few smaller banks, but also likely will raise interest in many private credit funds — or shadow banks — and others that have eyed the industry for a while, say those in the venture world. READ MORE