May 2 (Reuters) - Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital.
In January, SVB Financial had said it planned to turn over its remaining venture capital business to a new, creditor-backed company. The coalition backing the deal, which includes MFN Partners ...
Silicon Valley Bank said it plans to sell off its venture capital ... York to approve the sale on June 5. SVB Financial is the holding company for SVB Capital. Silicon Valley Bank was the holding ...
SVB Capital has $10 billion of assets under management US lender SVB Financial Group has agreed to sell investment firm SVB Capital to a newly created entity affiliated with Pinegrove and backed ...
SVB Financial Group, the former parent company of Silicon Valley Bank, has entered into an agreement to sell the venture capital division of SVB Capital to the newly created branch of Pinegrove ...
SVB Financial is officially selling SVB Capital to a newly-created entity – backed by permanent capital from Brookfield (BAM.TO) and Sequoia Heritage – for a combination of cash and other ...
"SVB Financial Group and its creditors ... However, it is now evident that the company believes that selling the fund is a better way forward. SVB Capital invests in fund managers and private ...
"SVB Financial Group and its creditors recognize the strong foundation on ... However, it is now evident that the company believes that selling the fund is a better way forward. SVB Capital invests in ...
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