Financial marketplace SharesPost has appointed Sven Weber as managing director of investment management. Weber will lead SharesPost’s registered investment advisor, SP Investment Management, which manages funds investing in leading private growth companies. Before joining SharesPost, Sven served as president of SVB Capital at Silicon Valley Bank, where he managed the company’s venture capital investing business, [...]
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SVB Capital, the fund-of-funds unit of Silicon Valley Bank, last week laid off seven employees, including five investment professionals.
Firm spokeswoman Carrie Merritt said, in part: “It was a case of prioritization. For example, we’re looking at a broad global program that has taken on more of an Asia-centric focus, so we had some people in London who didn’t make as much sense to have, in terms of appropriate staffing… We also were looking to centralize some things like research with the larger SVB organization, so we basically tightened up some of those.”