2026年第一季度美国风险投资中学市场观察(英)-2026
聚焦2026年第一季度美国风险投资中学市场观察(英)-2026。Concentration is the market’s defining vulnerability. The top 20 names account for 81.1% of secondary trading value on Hiive, and 75% of SPVs with carry on Caplight are concentrated in just five names. The secondary market’s headline growth was built on a narrow foundation that is preparing to go public.