New York Sees Second-Highest Annual Exit Value at Nearly $37 Billion
March 10, 2021
Despite a significant drop in volume, 2020 still saw the second-highest annual exit value for New York on record, thanks to a slew of multibillion-dollar sales and debuts.
In the inaugural installment of Bridge Bank's Markets to Watch series, the key top-level trends that defined PE dealmaking in New York last year - as well as the past decade - are examined in depth, including the massive exit tally. Additionally, the report contains analysis of the NY PE fundraising boom of the 2010s as the industry grew even further.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions, including startup banking, capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country, along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $50 billion in assets. Western Alliance is again #1 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year.