Blackfinch Ventures can confirm there is no material exposure to the Silicon Valley Bank through its Enterprise Investment Scheme (EIS), Venture Capital Trust (VCT) or legacy Media EIS portfolios of businesses.
Silicon Valley Bank (UK) Ltd has sold to HSBC. Customers of SVB UK will be able to access their deposits and banking services as normal from today and customer deposits have been protected. Full details here.
As a result, this has significantly de-risked any secondary minor exposure of Blackfinch through the Alternative Investment Market (AIM) or our globally diversified wealth management portfolios from Blackfinch Asset Management.