HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

HPS Investment Partners and Oaktree Capital Management are among investment firms that are offering to provide financing to companies with cash trapped at Silicon Valley Bank, according to people with knowledge of the matter.

Some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar, said the people, asking not to be identified because the discussions are private. 

Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around