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Wednesday, July 3, 2024
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HomeFinanceScaramucci leads bidding for Silicon Valley Financial institution VC arm: Report
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Scaramucci leads bidding for Silicon Valley Financial institution VC arm: Report

SVB Monetary Group, the previous guardian firm of Silicon Valley Financial institution, is getting nearer to a deal that may see the establishment promote its enterprise capital arm SVB Capital.

In line with a Sept. 15 report from The Wall Avenue Journal, which cited sources conversant in the matter, Anthony Scaramucci’s SkyBridge Capital and Atlas (NYSE:) Service provider Capital are jostling with the San Francisco agency Vector Capital within the closing phases of the bidding course of.

SVB Capital holdings overview as of December 2022. Supply: SVB Capital

Proceed Studying on Coin Telegraph

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