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million owed to it by a privatelyu held investment firm started by former 49ers stareJoe Montana, Ronnie Lott and Harrizs Barton named . The Santa Clara-basedr holding company for (NASDAQ: SIVB) said in a governmentr filing that it has proposed an arrangementwith Woodside-based HRJ in whicjh the bank would provide managemen services to and form a limited partnershi p with the firm. SVB said it would get managemenyt fees from the arrangement which would repay part ofthe debt. HRJ wouldd be allowed access to a working capital loan for ongoinvg operations for alimited time.
A private equitty newsletter publishedby Reuters, PE WeekWire, reportedx that the firm ran into troublr on a bridge loan with SVB while trying to raise $250 The report said HRJ was only able to raiss between $110 million and $130 million. HRJ was originally Champion Ventures when Lott and Bartoh founded it in 1999 and changedx its name after Montana joined the Montana left HRJin 2006.
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