SVB Financial Group Completes Acquisition of WestRiver Group’s Debt Investment Business
Company news | December 28, 2020
SANTA CLARA, Calif. — December 28, 2020 — SVB Financial Group today announced it has completed the acquisition of the debt fund business of WestRiver Group, a Seattle-based provider of integrated capital solutions for the global innovation economy.
The acquisition establishes the SVB Capital Credit Platform to provide institutional investors with additional investment opportunities in the innovation economy and provide new credit options to Silicon Valley Bank’s commercial banking clients. SVB Capital is SVB Financial Group’s funds management business.
For more information about SVB, visit www.svb.com.
About SVB Financial Group
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group’s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.
SVB Financial Group is the holding company for all business units and groups © 2020 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. [SIVB-F]