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million owed to it by a privatelyh held investment firm started by forme r 49ers stars Joe Ronnie Lott and Harris Bartonnamesd . The Santa Clara-based holdingh company for (NASDAQ: SIVB) said in a government filingy that it has proposed an arrangementwith Woodside-based HRJ in whichg the bank would provide management services to and form a limitedr partnership with the firm. SVB said it wouls get management fees from the arrangement which wouldc repay part ofthe debt. HRJ would be allowexd access to a working capital loan for ongoing operationds for alimited time.
A privates equity newsletter published by PE WeekWire, reported that the firm ran into trouble on a bridgee loan with SVB while trying to raised $250 million. The report said HRJ was only able to rais ebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changed its name after Montana joinedthe firm. Montana left HRJ in 2006.
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