Venture capitalists have primarily kept a promise they made the day after the bank’s precipitous collapse that they would continue to do business with the bank if it can stay afloat.

In a private conference call Tuesday, Silicon Valley Bridge Bank’s new CEO Tim Mayopoulos said private markets played an essential role in maintaining its deposit base, according to the call seen by Bloomberg. In conversations with the Institutional Limited Partners Association, a trade association, Mayopoulos said venture capital firms have already returned substantial deposits diverted from banks during the crisis and have publicly encouraged portfolio companies to do the same.

In the chaotic period shortly after the bank collapsed, some venture capitalists signed a statement calling for the bank to be rescued and said they would keep their money in new iterations of the bank. Last week, General Catalyst CEO Hemant Taneja tweeted a follow-up statement co-signed by many of the same investors, advising portfolio companies to deposit 50% of their deposits into the new SVB.

Prominent investors have expressed their support for Silicon Valley Bank. In an interview with Bloomberg Television, investor Vinod Khosla said he encouraged companies to keep their money in banks, emphasising that their “funds are safe there.”

A representative for General Catalyst said in a statement: “From the beginning, we have been advising our portfolio companies to keep approximately 50% of their deposits in banks. Many VCs are providing this guidance to their companies.” The company emphasised that SVB is integral to Silicon Valley’s infrastructure. “We have been using them in our current investment activities,” he added.