Apollo Global Management Inc , Blackstone Inc , and KKR & Co Inc have expressed interest in a book of loans held by Silicon Valley Bank (SVB), Bloomberg News reported on Tuesday, citing people familiar with the matter.
have expressed interest in a book of loans held by Silicon Valley Bank , Bloomberg News reported on Tuesday, citing people familiar with the matter.
The loan portfolio is seen as an attractive buy and was not a contributing factor in the bank run that caused SVB's demise, theThe development follows the tech lender's failure last week to raise equity to plug a $1.8 billion hole after selling its $21 billion portfolio of securities at a loss. That led to $42 billion of deposit outflows in a day and escalating worries of a contagion across financial markets, with Californian regulators later shutting down SVB — a subsidiary of the defunct SVB Financial Services Group
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