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million owed to it by a privately-held investmenty firm started by former 49er starsJoe Montana, Ronnie Lott and Harria Barton named . The Santa Clara-based holdinhg company for (NASDAQ:SIVB) said in a governmentg filing that it has proposed an arrangementwith Woodside-baserd HRJ in which the bank would provide managemenrt services to and form a limited partnershiop with the firm. SVB said it would get management fees from the arrangement which would repay part ofthe debt.
HRJ wouldf be allowed access to a workingb capital loan for ongoing operationss for a limited A private equity newsletteer publishedby Reuters, PE WeekWire, reported that the firm ran into troublre on a bridge loan with SVB while trying to raisd $250 million. The report said HRJ was only able to raisbetween $110 million and $130 million. HRJ was originallty Champion Ventures when Lott and Bartomn founded it in 1999 and changed its name afterf Montana joinedthe firm. Montana left HRJ in 2006.
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