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 ...

A definitive agreement has been reached by SVB Financial Group whereby its investment platform business, SVB Capital, will be acquired by a newly established entity associated with Pinegrove ...

SVB Financial Group on May 2 filed a motion seeking the Court's authorization to approve buyer protections for the Pinegrove affiliate and consummate a sale of the SVB Capital business.SVB ...

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 ...

The buyer is a newly created entity with ties to Pinegrove Capital Partners, a Los Angeles venture capital firm. Silicon Valley Bank said it plans to sell off its venture capital arm, SVB Capital ...

SVB Financial has agreed to sell its venture-capital unit to a newly created affiliate of investment firm Pinegrove Capital Partners, the former parent of Silicon Valley Bank said Thursday.

SVB Capital and Pinegrove to Operate Independently with Common Sponsorship and Shared Mission to Serve the Venture Ecosystem SAN FRANCISCO, May 2, 2024 /PRNewswire/ -- SVB Financial Group (Pink ...