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Silicon Valley Bank hires Former VC John Hoesley to lead Midwest VC and PE services group

Silicon Valley Bank, a financial partner to venture capital, technology and life science companies of all sizes worldwide, has hired former venture capitalist and entrepreneur John Hoesley to run its Venture Capital and Private Equity Services Group in the Midwest.

 

Based in Silicon Valley Bank’s Chicago office, Hoesley will focus on relationships with venture capital and private equity firms throughout the Midwest, providing them with a full spectrum of banking services and debt financing alternatives.

Silicon Valley Bank (SVB) works with more than half of all VC firms worldwide, providing the traditional and innovative financial services required to run their businesses, including deposit, credit and foreign exchange services, capital call lines and financing for their portfolio companies. Additionally, SVB offers a variety of analytical products, including valuations, corporate equity management, performance benchmarking and insight into private technology companies that is not available elsewhere.

"With nearly 30 years experience, SVB understands the banking needs of venture capital investors better than anyone," says John China, head of venture capital and private equity relationship management for Silicon Valley Bank. "John’s background as an entrepreneur and a VC himself make him the perfect person to bring all SVB has to offer our valued VC clients in the Midwest. We are thrilled to have him on board."

Hoesley joins SVB after 10 years with Prism Capital in Chicago, where he was a partner and launched the firm’s healthcare initiative. Previously, Hoesley was the CFO of Legato Partners and he co-founded Evincio Corporation, provider of data management software. Hoesley has a bachelor’s degree in chemistry from the University of Illinois at Urbana-Champaign and a master of management degree from the J.L. Kellogg Graduate School of Management. He is on the board of the Illinois Venture Capital Association, is the President of IMSA Fund for the Advancement of Education and is a member of the Midwest healthcare Investor Network.

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