Alleged fraud spooks sub line market

A borrower allegedly fabricated commitments underpinning a $95m line from Silicon Valley Bank.

Sub lines: An alleged fraud resulting in the arrest of a mid-market private equity manager has shaken the subscription credit line market. The borrower allegedly fabricated commitments underpinning a $95 million line from Silicon Valley Bank. Read my article for more details on the case and the market reaction so far.

Email prepared by Graham Bippart