![]() ![]() ![]() ![]() The FDIC held an auction over the weekend, but no buyer emerged. Silicon Valley Bank’s other assets include loans to early-stage and growth companies as well as credit for wealthy entrepreneurs and venture capital funds. Many of those assets were long-term bonds the bank had to sell at a loss due to rising interest rates. took over Silicon Valley Bank on Friday, after its long-established customer base of tech startups began withdrawing deposits en masse.Īt the end of last year, the bank had more than $175 billion in mostly uninsured deposits and $209 billion in total assets. 31, 2022, but the size of the loan book Apollo is interested in couldn’t be determined. The bank had $73.6 billion of loans as of Dec. expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week.Īpollo, one of the world’s largest alternative asset managers, is among other investors looking to buy pieces of Silicon Valley Bank, according to people familiar with the matter. ![]()
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