top of page

Spinta Bytes Blog

Search
    • Apr 21, 2022
    • 1 min read

Market Sizing: Spinta's Version

Updated: Apr 25, 2022

According to Pitchbook data, the venture debt market comprised a whopping $58B of new loan commitments in 2021.


But...in our view this is very much a headline analysis, with little context on underlying market segmentation.


The data may also inflate market size given one-off loans to unicorns and large SPAC bridge loans during the pandemic.


Here is a more nuanced infographic of market size, "Spinta's Version", with a bottoms-up build of total AUM of the venture debt and growth debt market, segmented by:

  • banks vs non-banks

  • pure-play venture vs crossover participants

  • tech vs software vs life sciences

  • other emerging structures and sub-segments

Enjoy...




Recent Posts

See All

Venture Debt Terms - Mid 2023

While Barbie vs Oppenheimer debates rage this week, we wanted to offer more interesting discussion fodder – venture debt terms. With the dramatic decline in equity flows, higher rates, and bank failur

How the Most Promising Companies Use Debt

Perceptions of debt for venture companies range from “valuable financing tool” to “dynamite in the living room.” To say the least, opinions vary. We are often asked, when should we consider venture d

bottom of page