Bolsters
project finance team with three new hires, including industry veteran Kerri Fox,
to further support the energy and resource sectors
SANTA CLARA, Calif. – April 10, 2018 – Silicon Valley Bank (SVB),
the bank of the world’s most innovative companies and their investors, today
announced the expansion of its Energy and Resource Innovation (ERI) practice
with the addition of three new project finance specialists. SVB’s ERI team works
with hundreds of companies across the US that are designing efficient and
sustainable solutions in the energy and resource sectors. Kerri L. Fox, former
Head of North American Project Finance for BBVA, has been hired to bolster the
group’s project finance efforts, effective immediately.
“The energy and resource sectors have seen a
resurgence in investor interest in the last few years as technology advancements
have been applied to the space,” said Matt Maloney, Head of Energy and Resource
Innovation at Silicon Valley Bank. “We’ve been long-time backers of cleantech
and energy companies, and we’re excited to broaden our scope and grow our
project finance portfolio. Kerri brings extensive experience in project
finance, and she will be instrumental as we continue to grow our ability to
serve the industry’s unique financing needs.”
Silicon Valley Bank’s ERI practice provides
financial solutions for companies designing innovative solutions in energy, new
transportation, agriculture, food, and industrial sectors, such as Beyond Meat,
Impossible Foods, Kinestral Technologies and Silver Spring Networks. Since 2013, SVB’s project finance team has committed more than $800
million of debt to more than 20 project finance transactions, including Bloom
Energy, SolarCity, Sunnova, SunPower and Sunrun. The group considers
residential, commercial and industrial, and utility-scale projects.
“Silicon Valley Bank
helped us grow our business through both corporate and project finance
services,” said Bob Komin, CFO of Sunrun. “What sets them apart is their
people, commerciality, and, most importantly, their understanding of our
business. SVB is an instrumental partner in helping us achieve our goals of
innovation in solar generation, storage and energy services.”
Fox has more than 24 years of experience in
project finance, starting her career as a project finance attorney at Milbank
Tweed in 1994. She joined Deutsche Bank’s project and structured finance group
in 1998, and subsequently built and ran Fortis Bank’s global export and project
finance business in New York, before joining BBVA in 2009. In 2016, she left
BBVA to serve as Chief Financial Advisor for Steelhead LNG and joined the board
of TerraForm Power during its transition from SunEdison to Brookfield
sponsorship. Fox also served on the Board of Alterra Power Corp. from May 2014
until its recent acquisition by Innergex.
In addition to Fox, SVB hired Karin Logan as a
Director on its syndications team, and Tai Pimputkar as a Vice President. Logan
joined SVB from Mitsubishi UFJ Financial Group, where she focused on project
finance execution and syndication. Pimputkar joins SVB from the Royal Bank of
Scotland and brings more than 15 years of project finance experience.
About
Silicon Valley Bank
For
35 years, Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted financial
services and expertise through its offices in innovation centers around the
world. With commercial, international and private banking services, SVB helps
address the unique needs of innovators. Learn more at svb.com.
Media Contact
Julia
Thompson
Silicon
Valley Bank
415-764-4707
Jthompson3@svb.com