SVB Financial Group completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners, backed by evergreen capital from Brookfield Asset Management and Sequoia Heritage._x000D_
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Under the terms of the agreement, the consideration for the sale included a combination of cash and other economic interests._x000D_
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MoffettNathanson, a sell-side research business owned by SVB Financial Group, was not included in the transaction and remains part of SVB Financial Group._x000D_
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Centerview Partners is serving as financial advisor, Sullivan & Cromwell is serving as legal counsel and Alvarez & Marsal is serving as the restructuring advisor to SVB Financial Group as debtor-in-possession.
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