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  4. RIT Capital Partners Share Regulatory News
  5. Update on Silicon Valley Bank

Pin to quick picksRIT Capital Partners Regulatory News (RCP)

RIT Capital Partners Information

Share Price Information for RIT Capital Partners (RCP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1,798.00
Bid: 1,798.00
Ask: 1,804.00
Change: -30.00 (-1.64%)
Spread: 6.00 (0.334%)
Open: 1,824.00
High: 1,828.00
Low: 1,798.00
Prev. Close: 1,828.00
RCP Live PriceLast checked at -
RIT Capital Partners is an Investment Trust

To invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available.

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Update on Silicon Valley Bank

13 Mar 2023 12:51

RNS Number : 7822S
RIT Capital Partners PLC
13 March 2023
 

 

 

RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

 

13 March 2023

 

Update on Silicon Valley Bank

 

RIT Capital Partners plc ("RIT") has no direct exposure to Silicon Valley Bank ("SVB") in either the US or UK, nor to any of SVB's affiliate entities.

 

RIT has been in touch with the substantial majority of our third-party managers and portfolio company partners over the last few days. The vast majority of RIT's holdings have confirmed either no or de minimis exposure to SVB, while for the remainder a substantial portion of any funds is held in money market accounts custodied with a third-party bank, and therefore ringfenced from SVB. Shareholders will also note the recent announcements from policymakers in the US and UK regarding outstanding deposits at SVB and its affiliates. We are continuing to monitor the situation closely.

 

 

 

 

 

 

 

 

 

 

 

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