Insights from the 2023 Swiss Private Equity & Venture Capital Breakfast
Pedersen & Partners together with CMS von Erlach Partners hosted today the 2023 Swiss Private Equity & Venture Capital Breakfast. The event provided a lively and agile atmosphere for representatives of well-known Swiss and international private equity funds to discuss, debate, and network. The very recent UBS-Credit Suisse takeover had a clear impact on the debate.
The event gathered more than 130 attendees to ensure a range of perspectives, and the panel discussions were led by Sebastian Becker – Partner, Redalpine Venture Partners; Marc Erni – Partner Direct Investments, Verium; Matthias Fehr – Head of Private Equity, HBM Partners; Christian Fuessinger – Managing Partner, Helvetica Capital; Gaël Jacquemettaz – Head of Private Equity & Mid-Market M&A, UBS Switzerland; Jan Kollros – Managing Partner, Bellevue adbodmer; and Roumyana Schnettler – Partner, capiton. The panel discussion was co-chaired by Daniel Jenny – Partner, CMS von Erlach Partners and Poul Pedersen – Executive Chairman, Pedersen & Partners.
The top four takeaways:
- The Silicon Valley Bank (SVB) collapse has had a direct impact on the portfolio firms of Swiss venture capital funds. Many Swiss venture portfolio firms held significant deposits with SVB, and important lessons have been learnt.
- The ongoing UBS-Credit Suisse takeover is having a negative impact on the Swiss private equity market, and as a result, there will be less competition among leverage providers.
- As investors seek to generate liquidity, “Continuation Funds” are hot and growing fund products on the Swiss market.
- There is strong deal activity in the small deal segment; less so in the medium and larger segment.
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