SVB硅谷银行：2025企业风险投资现状报告（英文版）

Half of CVCs cite speed and efficiency as a challenge, followed closely by corporate prioritization and bureaucratic decisionmaking. These internal frictions slow execution and limit agility in competitive deal environments. Source: CVC survey, PitchBook Data, Inc. and SVB analysis. STATE OF CVC 2025 | 5 Jump to Page Jump to Page CVCs thirst for liquidity via secondaries. CVCs are increasingly considering or using secondaries to generate liquidity. Fifty-seven percent of funds reported using