Dan Primack / Axios:

SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash  —  - SVB Capital wasn't included in the sale of SVB's lending and wealth management units to North Carolina-based bank First Citizens …

Dan Primack / Axios:

SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash  —  - SVB Capital wasn't included in the sale of SVB's lending and wealth management units to North Carolina-based bank First Citizens …

Source: TechMeme
Source Link: http://www.techmeme.com/240503/p13#a240503p13