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Leaked list reveals 5949 global funds used SVB for custody

Tom Richardson
Tom RichardsonJournalist

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The asset servicing arm of bankrupt Silicon Valley Bank provided custody services to at least 5949 private equity funds and hedge funds registered with the US regulator, the Securities and Exchange Commission, according to a data intelligence provider’s confidential findings.

The leaked 46-page list reveals SVB’s sprawling banking and financial advice empire stretched deep into an A-list of professional US and global investors that used its custody services for hundreds of billions of dollars managed across global debt, credit, alternative, real estate, and private equity assets.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/leaked-list-reveals-5949-global-funds-used-svb-for-custody-20230314-p5cs51