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.
are also looking to buy the loan book, the Financial Times reported, citing people familiar with the matter.
The surge in interest in the book 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. The fiasco led to $42 billion of deposit outflows in a day and escalated 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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