The 2008 Global Financial Crisis marked a period of decline across the capital markets, when exit value and public listings fell precipitously. But despite these challenges, corporate M&A and investment activity during that era remained resilient by comparison—based on a variety of factors at play, including record capital on corporate balance sheets.

In a recent report highlighting corporate venture capital (CVC) during economic downturns, PitchBook analysts say we’re seeing similar resiliency amid the present-day slump. In the Q1 2023 Analyst Note, PitchBook VC Analyst Vincent Harrison reports that 26.2% of all US VC rounds in 2022 included a CVC investor—the highest proportion of overall US VC deal count ever observed for CVC deals. READ MORE