Tony Lystra
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.
WestRiver Group mandates one-woman, one-man co-leadership for each VC fund as it eyes $150M Pacific Northwest raise
Seattle-based WestRiver Group will require each of its venture capital funds to be co-led by one man and one woman, a strategy it says drives bigger returns; the firm manages about $2 billion and is considering raising its Pacific Northwest fund to $150 million. Notable leaders include founder Erik Anderson, Lisa Stone, Richelle Parham, Scott Maw, Anthony Bontrager, Laurel Buckner, George Montgomery and Deepa Prasad.
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Puget Sound Business Journal Tech Editor · current
