[mbesto]

https://www.svb.com/landing-pages/venture-debt

[mbesto]

To elaborate further with hard numbers. See #2:

https://www.linkedin.com/posts/rich-falk-wallace_silicon-val...

#1: Mortgage backed securities: $82B (83% residential) #2: Direct loans: $74B (55% short term loans to VCs & PE) #3: Liquid assets: $55B