What SVB’s collapse means for secondary investments

Wealth Professional
March 21, 2023.

While the collapse of Silicon Valley Bank was a shock to many investors, one top investment advisor says it’s only added to the appeal of a lucrative and growing corner of the alternative investment world.

“There’s a lot of opportunities on the secondary market, especially with SVB,” says Francis Sabourin, portfolio manager and investment advisor at Richardson Wealth. “They own a lot of stakes or investments in private equities, which they will need to sell on the market at deep discounts. For those buyers on the secondary markets, maybe SVB would be an opportunity to buy pieces of great portfolios.”

Though it’s been the focus of media attention of late, SVB doesn’t have a monopoly on liquidity challenges by any stretch of the imagination.

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