65 SVB Financial Group has reached a definitive agreement for the sale of its investment platform business, SVB Capital, to a newly established entity associated with Pinegrove Capital Partners. This transaction is supported by ongoing funding from Brookfield Asset Management and Sequoia Heritage. Under the terms of the deal, SVB Capital will be acquired for a combination of cash and other economic factors. Pinegrove Capital Partners specializes in providing capital solutions to the venture capital industry, offering tailored secondary liquidity solutions to both general and limited partners, with a focus on mid- to late-stage private technology businesses. Bill Kosturos, chief restructuring officer of SVB Financial Group, expressed confidence in the agreement, highlighting its value-maximizing potential for SVB Financial Group’s constituents. He emphasized the significant cash component of the deal and the opportunity for stakeholders to participate in the future upside potential of the business. Brian Laibow, CEO and founding partner of Pinegrove, expressed excitement about the partnership with SVB Capital. He underscored Pinegrove’s commitment to collaborating with the SVB Capital team to enhance liquidity options in the venture capital ecosystem. You Might Be Interested In Avis Budget Group Plans €400 Million Senior Notes Offering Peso weakens after hawkish Fed remarks, global oil price recovery SEVEN to Construct $347.8 Million Entertainment Destination in Asir Progressive Insurance® Boosts Small Businesses with $1 Million Grant Program Targa Resources Corp. Set to Engage at Morgan Stanley Energy & Power Conference China Aims for 5% Economic Growth Amid Global Challenges