Scaramucci Leads Bid for SVB Financial's Venture-Capital Arm

1 min read
Source: The Wall Street Journal
Scaramucci Leads Bid for SVB Financial's Venture-Capital Arm
Photo: The Wall Street Journal
TL;DR Summary

Anthony Scaramucci, the former White House communications director, has emerged as a leading bidder for SVB Financial Group's venture-capital arm. Scaramucci's investment firm, SkyBridge Capital, is reportedly in talks to acquire the unit, which manages around $3.7 billion in assets. The potential deal highlights Scaramucci's interest in expanding his firm's presence in the venture-capital industry.

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