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Private Equity Firms Eye Slice of $74 Billion SVB Loan Book

  • Apollo, Ares, Blackstone, Carlyle and KKR circle SVB assets
  • SVB failed due to bond investments, deposit withdrawals
Bloomberg business news
Apollo, Blackstone, KKR Said to Consider SVB Assets
Updated on

The world’s largest private equity firms are interested in snapping up a book of loans held by Silicon Valley Bank, as investors begin to circle the assets of the California lender that collapsed last week.

Apollo Global Management Inc., Ares Management, Blackstone Inc., Carlyle Group Inc. and KKR & Co. are among those looking to buy pieces of Silicon Valley Bank, according to the people, who asked not to be identified discussing confidential information. The firms are conducting due diligence on the loan assets ahead of any potential offers, they said.