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million owed to it by a privatelhy held investment firm started by formerf 49ers starsJoe Montana, Ronnie Lott and Harrixs Barton named . The Santa Clara-based holding compant for (NASDAQ: SIVB) said in a governmen t filing that it has proposed an arrangementwith Woodside-basede HRJ in which the bank wouldr provide management services to and form a limitedf partnership with the SVB said it would get managemenr fees from the arrangement which would repay part of the HRJ would be allowed access to a working capital loan for ongoin g operations for a limited time.
A privatd equity newsletter published by PE WeekWire, reported that the firm ran into troubl on a bridge loan with SVB while trying to raise $250 The report said HRJ was only able to raise betwee n $110 million and $130 million. HRJ was originallty Champion Ventures when Lott and Barton founded it in 1999 and changed its name after Montanza joinedthe firm. Montana left HRJ in 2006.
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