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ReutersSVB Financial to sell investment platform business SVB Capital
Pinegrove Capital Partners, backed by permanent capital from Brookfield and Sequoia Heritage, will buy SVB Capital for a combination of cash and other economic considerations, SVB Financial said. It did not disclose a financial value. SVB Financial is seeking approval from a bankruptcy court and has requested a hearing on June 5.
- Associated Press
Washington adds four assistant coaches including Tony Bland, who was part of 2017 FBI probe
Washington coach Danny Sprinkle announced the hiring of four assistant coaches on Thursday, including former Southern California assistant Tony Bland, a key figure in the 2017 FBI probe designed to clean up college basketball. Bland was most recently the head coach at St. Bernard High School in Los Angeles. Prior to that, he served as the associate head coach at USC from 2013-17 under Andy Enfield when he became part of the FBI investigation.