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Fortune
Fortune
Jessica Mathews

The strange case of SVB Capital

(Credit: Liu Guanguan—Getty Images)

In an office building situated right on Sand Hill Road, a group of venture capital investors have been far closer to the banking crisis than any of their next-door neighbors. 

The collapse of Silicon Valley Bank may have temporarily threatened portfolio businesses, returns, and some of their own capital at Andreessen Horowitz or Sequoia Capital. But it meant an upheaval for SVB Capital, the 110-person $9.5 billion venture arm once closely intertwined with the commercial bank.

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