Seattle investment firm WestRiver Group agreed to sell its debt
investment business to Silicon Valley Bank Financial Group, the parent
company of Silicon Valley Bank (SVB). The deal will help create the
Silicon Valley Bank Capital Credit Platform, a new arm of SVB that will
provide investment opportunities to institutional investors and debt
options to commercial banking clients. WestRiver Group previously
partnered with SVB on various transactions. Erik Anderson, CEO of
WestRiver Group, will joined SVB as executive chairman of the SVB Capital
Credit Platform. “Erik and his team are a welcome addition to SVB Capital
and will be instrumental… Read More
(GeekWire Photo / Taylor Soper) …
