People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened when the bank collapsed, on March 13, 2023.
Nicholas Leibniz | Anadolu Agency | Getty Images
Private equity firms Apollo Global Management and KKR are among the parties reviewing the loan book held by the Silicon Valley bank, people familiar with the discussions told CNBC.
Two of these people said that Apollo might be interested in getting an equal part of the business. However, one of the sources said it is unclear how the FDIC plans to proceed because the regulator may favor a single buyer for the assets.
The people CNBC spoke with requested anonymity because they were not authorized to share confidential details about the discussions. The people also confirmed that Blackstone and the Carlyle Group are among those involved in the operation, which is still at an early stage.
Previously, Bloomberg mentioned Many private equity firms do due diligence on loan assets. That report, which cited multiple people familiar with the talks, said Apollo, Ares Management, Blackstone, The Carlyle Group and KKR were among those reviewing a potential deal.
The companies declined to comment on the report.
The FDIC took control of the technology-focused SVB on Friday. Over the weekend, the agency held an auction, which failed to find a buyer. That prompted the regulator to create a bridge bank, which now houses the deposits of California-based banks. Then a plan was put in place on Sunday to support SVB depositors in order to prevent further panic in the financial system.
—CNBC’s Christina Scheder-Burke contributed to this report.
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