The CEO of the American Apollo Global Management, Marc Rowan, which manages funds worth 550,000 million dollars, told the British newspaper that the bankruptcy of SVB may allow transferring “safe performance opportunities from the banking system to the investment market.”
Blackstone, which through its investment instruments manages 246,000 million dollars, is also evaluating the possibility of acquiring SVB debt that it considers “mature and of the appropriate scale.”
The entity can even evaluate the acquisition of the bankrupt bank’s entire debt portfolio, a source told the British newspaper that warned at the same time that the interest is “preliminary” and no firm offer has been extended for now.
KKR, Carlyle and Ares have also begun to study debt purchases from the entity specialized in the technology sector, details the FT.
