SVB Financial Group to acquire Debt Investment Business from WestRiver Group.

SVB Financial Group, a commercial bank specializing in high-tech venture capital, agreed to acquire Debt Investment Business from WestRiver Group, a Seattle-based provider of integrated capital solutions for the global innovation economy. Financial terms were not disclosed. The transaction is expected to close by the end of 2020. "WestRiver Group has been a fantastic partner to SVB for the last eight years. Together we have supported innovative companies across the country with the financing they need to scale. Erik and his team are a welcome addition to SVB Capital and will be instrumental in developing our credit platform and delivering on SVB's mission to be the best partner for technology and life science companies and their investors," John China, SVB President.