Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

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People hold extracurricular the Silicon Valley Bank office successful Santa Clara, CA, to retreat funds aft the national authorities intervened upon the bank's collapse, connected March 13, 2023.

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Private equity firms Apollo Global Management and KKR are among the parties reviewing a publication of loans held by Silicon Valley Bank, radical acquainted with the discussions told CNBC.

Two of those radical said Apollo whitethorn beryllium funny successful acquiring a portion of the concern astatine par. However, 1 of the sources said it is unclear however the Federal Deposit Insurance Corp. plans to proceed since the regulator whitethorn similar a azygous purchaser for the assets.

PE steadfast  Apollo reviewing SVB's indebtedness   book

The radical CNBC spoke with requested anonymity since they weren't authorized to stock confidential details astir the discussions.

Previously, Bloomberg reported that respective backstage equity firms person been conducting owed diligence connected the indebtedness assets. That report, which cited respective radical with cognition of the talks, said Apollo, Ares Management, Blackstone, Carlyle Group and KKR were among those reviewing a imaginable deal.

Ares and KKR declined to remark connected the report. Blackstone and Carlyle weren't instantly disposable to comment.

The FDIC seized power of tech-focused SVB connected Friday. Over the weekend, the bureau held an auction, which failed to find a buyer. That prompted the regulator to make a span bank, which present houses the California-based bank's deposits. A program was past devised connected Sunday to backstop SVB's depositors successful bid to forestall further panic successful the fiscal system.

—CNBC's Christina Cheddar Berk contributed to this report.

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