- Hedge funds are offering to buy startup deposits stuck at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, according to Semafor.
- Oaktree and Jefferies are reaching out to startups after SVB's seizure by the FDIC to buy deposit claims at a discount.
- Jefferies is offering at least 70 cents on the dollar for deposit claims.
Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank, Semafor reports
Hedge funds are offering to buy startup deposits stranded at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter.
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