Bridge Bank, a division of Western Alliance Bank, has launched a new banking group – Equity Fund Resources – which will serve as a centralized resource to Venture Capital (VC) and Private Equity (PE) investment funds, their partners and portfolio companies.
The new group aims to enhance Bridge Bank’s technology banking practice by offering services to equity funds including capital call lines of credit, treasury management tools and management company flexibility lines.
Michael David, who joined Bridge Bank in August, was hired to lead Equity Fund Resources from a new office in Menlo Park, CA.
Prior to joining Bridge Bank, Mr. David was managing director and group head of Fifth Street Technology Partners and previously spent over a decade at ORIX Ventures, where he led the creation and expansion of a $1 billion venture debt practice.
Prior to that, Mr. David was senior vice president and managing director and founder of Venture Capital Services for Imperial Bank, acquired by Comerica, where he built and managed a nationwide network of strategic relationships with the venture capital and private equity communities.
FinSMEs
10/09/2015