New York Sees Second-Highest Annual Exit Value at Nearly $37 Billion
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.
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Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored business banking solutions throughout the Bay Area and has specialized expertise focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. Bridge Bank is part of Western Alliance Bancorporation, which has more than $65 billion in assets and ranked #1 among top-performing large banks with assets greater than $50 billion in 2021 by both American Banker and Bank Director. As a regional bank with significant national capabilities, Bridge Bank delivers the reach, resources and local market expertise that make a difference for customers.
