Silicon Valley Bank faces potential bankruptcy and asset buyouts.

TL;DR Summary
Apollo Global Management is reportedly working with Emerson Collective and Credit Suisse to buy Silicon Valley Bank's loan portfolio, which was previously rejected by the FDIC. Apollo has also reached out to venture capital firms to offer liquidity options and potentially co-invest in the deal. The FDIC's preference is to find a single buyer for all SVB-related assets, but this may be difficult without liability protections. The potential deal is still fluid and could proceed without VC firm involvement.
Topics:business#apollo-global-management#finance#loan-portfolio#private-equity#silicon-valley-bank#venture-capital
- Silicon Valley is working with Wall Street to buy some SVB assets Axios
- Silicon Valley Bank Creditors Form Group in Advance of Possible Bankruptcy - WSJ The Wall Street Journal
- Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans CNBC
- Exclusive: U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley Bank -sources Reuters
- SVB Clients at Risk of Default May Have No Choice But to Return Bloomberg
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