Former SVB Capital deputy general counsel joins Simpson Thacher as partner

Jennifer Albrecht, who has worked as deputy general counsel at SVB Capital, has rejoined the New York office of Simpson Thacher & Bartlett in the alternative and private credit practice, the law firm announced.

Albrecht will advise direct lenders, investment banks and corporate borrowers across several sectors on a wide array of financing matters, including direct loans, syndicated credit facilities and leveraged acquisition financings, as well as financings related to restructuring and recapitalizations.

Albrecht’s hiring is part of the law firm’s focus on its alternative capital and private credit team, which is growing due to the “evolving and expanding financing market,” said Alden Millard, chair of Simpson Thacher’s executive committee.

Albrecht was deputy general counsel at SVB Capital, Silicon Valley Bank’s venture capital and private credit fund platform. She also spent a year as senior counsel at SVB. Before joining SVB in 2021, Albrecht was vice-president and senior counsel for Goldman Sachs’ Merchant Banking division for several years. She began her legal career at Simpson Thacher as an associate with the firm until 2017.

SVB Financial Group, the holding company for Silicon Valley Bank, was placed into an FDIC receivership in March. A week later it filed for Chapter 11 bankruptcy protection from its creditors. The Chapter 11 filing does not include either SVB Capital or SVB Securities.