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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

Axios Dan Primack

Discussion

  • @koolhead17 Atul Jha on x
    What? 9.8 billion <paper valuation> to 340 million<cash>?
  • @pitdesi Sheel Mohnot on x
    SVB selling SVB capital (mostly fund of funds but also directs) for $340M to Pinegrove, a secondary firm backed by Sequoia Heritage & Brookfield. SVB capital manages $9.8B and will continue on. I took a spin through the 230pg filing and couldn't figure out the economics
  • @danprimack Dan Primack on x
    SVB agrees to sell venture capital arm for $340 million https://www.axios.com/...