Private equity majors Apollo Global Management Inc, Blackstone Inc, and KKR & Co Inc, have all expressed an interest in acquiring a book of loans held by failed Silicon Valley Bank (SVB), according to a report by Bloomberg.
Private equity majors Apollo Global Management Inc, Blackstone Inc, and KKR & Co Inc, have all expressed an interest in acquiring a book of loans held by failed Silicon Valley Bank (SVB), according to a report by Bloomberg.
A Bloomberg source says that the loan portfolio, which was not a contributing factor in the bank run that prompted SVB’s collapse, is seen as an “attractive buy” by all three investment firms.
According to a separate report in the Financial Times, citing people familiar with the matter, buyout giants Ares Management and Carlyle Group are also looking to acquired the loan book.
