Bloomberg Law
March 22, 2023, 5:36 PM

Apollo, Carlyle Scour Bankrupt SVB Financial for Loan Deals

Dawn Lim
Allison McNeely
Allison McNeely
Bloomberg News

Apollo Global Management Inc. and Carlyle Group Inc. are zeroing in on a book of loans up for grabs now that the former parent company of Silicon Valley Bank has filed for bankruptcy.

The loans are tied to SVB Financial Group’s investment arm, SVB Capital, and its investment banking arm, SVB Securities, according to people with knowledge of the matter.

Silicon Valley Bank crumbled earlier this month as a liquidity crunch fueled a bank run that left the once-storied tech darling with a negative cash balance of almost $1 billion.

The loans could be valued at as much ...

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