SVB woes: what does it mean for fund finance?
Silicon Valley Bank (SVB) announced yesterday that it is raising additional equity, causing a subsequent drop in its stock price. The technology-focused lender launched a $2.25bn share sale, causing its share price to fall by 60%.
The announcement has sparked concerns across the private capital fund space, as the bank has been an active lender to both portfolio companies and to funds themselves.
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Categories: NewsFundraising & fund structuringFund financeOutsourcingBanks