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  "documentTitle": "Kinnevik | Investor Day Presentation Deck | 64 slides",
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  "presentationDate": "2024-10-01 00:00:00",
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  "notes": "The chart illustrates a 85% decline in US Venture Capital exits from Q4 '20 to Q2 '24.",
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      "text": "US Venture Capital Exits, Rolling LTM",
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      "text": "We lack fund durations forcing us to exit companies in a 20-year trough. SEK 2.5bn deployed into secondary transactions during the exit trough of 2023 and '24. Prices in secondary deals at attractive average discounts of 30% to the preceding NAV.",
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      "text": "Source: Pitchbook NVCA Venture Monitor.",
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