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Limited Partners

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Seahawks' ownership adds 12 limited partners in $9.6B deal
business1 hour ago

Seahawks' ownership adds 12 limited partners in $9.6B deal

Seattle Seahawks' new ownership group includes 12 limited partners as part of a $9.612 billion purchase; the Khosla family must own 30% (at least $2.88 billion), with up to $6.728 billion raised from the LPs. The limited partners are Mark Stevens; the Aramburuzabala family; Val Blavatnik; Sheryl Sokoloff; Gonzalo Hevia Baillères; Jesse van der Werf; Samir Kaul; Sunny Gupta; Nader Naini; Penny Pritzker; Carlyle Dynasty Equity Group; and Sixth Street; though exact ownership percentages were not disclosed.

Uncertainty Looms Over SVB Capital's Future Amid Ongoing Sale.
finance3 years ago

Uncertainty Looms Over SVB Capital's Future Amid Ongoing Sale.

SVB Capital, a subsidiary of Silicon Valley Bank, is up for sale, putting its ownership stakes in some of tech’s best-known venture capital firms, including Accel, Andreessen Horowitz, Index Ventures, and Sequoia, in flux. Venture capital firms typically control who can invest in their funds, but unless the firms held an unusual provision in their agreements with SVB that would give them more say in the sale process, they won’t have the ability to block a sale of the SVB’s venture portfolio as a whole. The sale of such startup stakes from one investor to another is relatively straightforward.