WestRiver Group Sells Debt Investment Business to SVB Financial Group; Erik Anderson Named Executive Chairman of New SVB Capital Credit Platform

Seattle-based WestRiver Group agreed to sell its debt investment business to SVB Financial Group to form the SVB Capital Credit Platform, with WestRiver CEO Erik Anderson joining SVB as executive chairman; terms were not disclosed. WestRiver manages about $2 billion AUM and holds investments including Singularity University and several Seattle startups.

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