The Finance Shelf

Yearbook 2024 (SECA (Swiss Private Equity and Corporate Finance Association))

Key number
13.1 US$ trillion
Global private markets AuM p.8
What changed
-35% %
Swiss venture capital funding YoY p.10
Largest segment
491.8 CHF million
Swiss biotech venture funding 2023 p.11

Summary

  • Global private market total assets under management reached US$ 13.1 trillion mid 2023, following 20% annual growth over the prior five years.p.8
  • Private market investment managers held US$ 3.7 trillion in dry powder mid 2023.p.8
  • Total venture capital funding in Switzerland fell by 35% compared to the previous year to CHF 2.6 billion.p.10
  • The total number of venture capital deals in Switzerland grew by 11% year-over-year despite lower total invested capital.p.11
  • Swiss ICT funding dropped 70% from CHF 1.2 billion in 2022 to CHF 361.7 million in 2023.p.11
  • Swiss biotech funding grew by 22% to CHF 491.8 million, while medtech funding rose 41% to CHF 379 million.p.11
  • The median investment size across all startup funding phases in Switzerland decreased by 16% to CHF 2.1 million.p.20

Key insights

  1. Global private market assets of US$ 13.1 trillion represent 2.9% of the US$ 454.4 trillion in investable global private wealth.p.9
  2. Floating interest rates for senior loans used in buyout transactions doubled to 10% within a single year.p.25
  3. Switzerland announced plans to implement the Crypto-Asset Reporting Framework (CARF) starting 1 January 2026.p.30
  4. The Limited Qualified Investor Fund (L-QIF) was introduced in Switzerland on 1 March 2024 as a new unregulated fund structure.p.32

Topics and entities

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