SVB Financial Group's SVB Capital to acquire WestRiver Group's debt fund business; Erik Anderson to join as executive chairman

SVB Financial Group's SVB Capital has agreed to acquire WestRiver Group's debt fund business, bringing WestRiver founder Erik Anderson to SVB as executive chairman of the SVB Capital Credit Platform; the deal, terms undisclosed, is expected to close by year-end and aims to expand SVB's institutional investment and lending solutions.

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