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SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash (Dan Primack/Axios) from Techmeme RSS feed.
SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash (Dan Primack/Axios)
Dan Primack / Axios:
SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash — - SVB Capital wasn't included in the sale of SVB's lending and wealth management units to North Carolina-based bank First Citizens …