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Current Issues Relating to Silicon Valley Bank Closure

By Monica Arora, Howard J. Beber, Andrew Bettwy, Ron Franklin, Matthew Kerfoot, Stephen T. Mears, Jinyoung Joo and Carolyn Killea on Posted in Disputes, Enforcement, Hedge Funds, News, Private Equity, Regulation, Venture Capital
On Friday, March 10, 2023, Silicon Valley Bank (“SVB”) became the largest U.S. lender since the Great Financial Crisis to enter into receivership with the Federal Deposit Insurance Corporation. SVB was a major provider of depository services and liquidity to various investment funds, managers and their related entities through subscription or capital call facilities, net … Continue Reading
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