SVB Financial Group, the parent of Silicon Valley Bank, expanded its technology investment banking team with additional hires in the internet, consumer/marketing software, fintech and enterprise software sectors and the launch of technology leveraged finance and equity capital markets capabilities. The new hires include Spencer Alstodt as senior managing director of leveraged finance and debt capital markets; Matt Lytle as senior managing director of internet, consumer/marketing software and fintech; Henry Pinnell as senior managing director of fintech; Matthew Walsh as senior managing director and head of tech equity capital markets; Jesse Chasse as managing director of tech equity capital markets; and Raymond Wu as managing director of software.
The SVB technology investment banking team reports to Jason Auerbach, co-head of investment banking and global head of technology investment banking for the company.
“In just three months, the technology investment banking team has closed an impressive number of transactions and added incredible talent to its roster, deepening and diversifying its expertise across investment banking advisory services,” Greg Becker, president and CEO of SVB Financial Group, said. “The strength of the team and the strategic counsel it provides will help our innovative clients access the capital and advisory services they need to grow.”
Alstodt joined SVB from Jefferies, where he spent the last 13 years as a managing director in technology, media and telecom and industrials leveraged capital markets. While at Jefferies, Alstodt built the firm’s leveraged finance and capital markets platform, earning No. 1 league table rankings for sponsor-backed leveraged buyout financings and consecutive years of top honors for total deals and capital raised within the technology sector. Previously, he held a managing director role at Bear Stearns after beginning his career at JP Morgan Securities.
Prior to joining SVB, Lytle was a managing director and global co-head of internet investment banking in the technology, media and telecom group at Goldman Sachs. With more than 15 years of experience, Lytle has advised boards and management teams on technology IPOs, mergers and acquisitions, leveraged buyouts, private placements and financing transactions. Lytle will partner with senior managing directors J.T. Stephens, Xiaoying Zhong and Pinnell to lead investment banking activity across these sectors for SVB.
With more than 15 years of investment banking experience, Pinnell has advised on transactions for companies, founders and investors in the fintech space. He has experience originating, planning and executing strategic and financing transactions both in the private and public markets. Pinnell joined SVB from Barclays Bank, where he was most recently a managing director in the investment banking division, leading the firm’s emerging fintech franchise.
Walsh has more than 20 years of investment banking experience, having led the origination and execution of hundreds of transactions, including technology IPOs. Walsh joined SVB from Credit Suisse, where he was managing director and co-head of global technology, media and telecom equity capital markets. Prior to Credit Suisse, he spent 15 years at Merrill Lynch in a variety of roles across technology and healthcare investment banking, most recently leading the technology, media and telecom equity capital markets business. He started his career at J.P. Morgan in New York.
With more than a decade of equity capital markets experience, Chasse has devoted his career to partnering with technology companies, venture capitalists and financial sponsors to raise capital in the public markets. He has helped originate and execute hundreds of equity offerings. Prior to joining SVB, he served as a director of the technology equity capital markets team at Credit Suisse, working in both the firm’s New York and San Francisco offices.
Wu joined SVB from UBS, where he was an executive director in technology investment banking. He has more than a decade of experience in technology, covering application and infrastructure software, education technology and consumer internet. Wu has advised on more than 50 transactions with technology companies and financial sponsors, including M&A, debt financing and equity capital markets transactions.
