Skip to main content

Update regarding Silicon Valley Bank

Written by Customer Service on . Posted in Public Companies.

Molten Ventures VCT plc (“the VCT”)
Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97
16 March 2023
Update regarding Silicon Valley Bank

In common with the technology sector more broadly, companies within the VCT’s portfolio held banking relationships with Silicon Valley Bank (‘SVB’) both in the US and UK. The VCT board welcomes the news that the situation has now been substantially resolved with confirmation over the last weekend that US deposits were protected and Monday’s announcement of HSBC’s acquisition of SVB UK.

Current analysis by Elderstreet Investments Limited, the VCT’s investment manager (the ‘Investment Manager’), indicates that there has been no known financial loss within the VCT portfolio nor to the Investment Manager or its parent company, Molten Ventures plc. 

Molten Ventures plc has also released an announcement which can be found at this link:
https://www.londonstockexchange.com/news-article/GROW/update-regarding-silicon-valley-bank/15873696

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.