SVB Financial Finalizes Sale of SVB Capital to Brookfield Asset-Backed Firm (SIVBQ)

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SVB Financial Group (OTC:SIVBQ), the parent company that declared bankruptcy following the collapse of its Silicon Valley Bank unit in 2023, has successfully finalized the sale of its investment platform business, SVB Capital. The buyers are affiliates of Pinegrove Capital Partners. Pinegrove Capital Partners is supported by evergreen.

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