FC
Visit website First Citizens (Fund Banking)
NotableFund banking franchise built on the former SVB business.
Fund FinanceFirmNorth America
Target market
Venture and private-equity fund managers
Geography
North America
Overview
First Citizens operates a leading fund-banking business that provides capital-call (subscription) lines and related services to private-capital funds, built on the former Silicon Valley Bank platform it acquired. It is a core relationship lender to venture and private-equity managers.
Key facts
- Acquired much of Silicon Valley Bank in 2023
- Long-standing fund-banking and capital-call franchise
- Serves VC and PE managers and their portfolio companies
- Headquartered in Raleigh, North Carolina