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Fortune

Jessica Mathews

Read SVB Capital’s letter about its parent company’s bankruptcy

SVB Capital SVB Financial Group Fortune Silicon Valley Bank

A Silicon Valley Bank office is seen in Tempe, Ariz. (Credit: Rebecca Noble—Getty Images)

Shortly after Silicon Valley Bank’s former parent company announced it had filed for Chapter 11 bankruptcy Friday morning, the bank’s venture capital firm issued a letter to its third-party investors, assuring them that the venture arm was still pursuing a potential sale and that the bankruptcy would help preserve the investors’ brand.

“We wanted to make sure you heard directly from us about what this means for SVB Capital and our investors,” reads the letter, which was obtained by Fortune.

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