Item 8.01 Other Events



On August 7, 2020, SVB Financial Group (the "Company") filed its quarterly
report on Form 10-Q for the period ending June 30, 2020, which contained the
following subsequent events disclosure:
The Company currently holds approximately 2.8 million shares of common stock (or
warrants to acquire common stock) of BigCommerce Holdings, Inc. ("BIGC"), which
recently completed its initial public offering in early August 2020.  The
valuation of BIGC has increased due to its IPO, as well as post-IPO share price
increases.  Based on these share holdings and on the closing price of BIGC's
common stock of $93.51 as of August 6, 2020, the Company currently estimates, on
a pre-tax basis, a total of approximately $172 million to be recognized between:
(i) unrealized gains on investments securities, net; (ii) gains on equity
warrant assets, net; and (iii) other noninterest income. This total estimated
amount is subject to change based on BIGC's stock performance.  Additionally,
the Company has certain carried interest rights in certain funds that hold
equity interests in BIGC, which may result in additional gains, but is also
subject to BIGC's stock performance.
BIGC's valuation and its financial impact on the Company (including the extent
of any gains) are subject to change based on market conditions and other
factors.  Additionally, gains are currently unrealized, and the extent to which
such gains will become realized is subject to a variety of factors, including,
among other things, the expiration of current lock-up agreements to which the
securities are subject (currently scheduled to expire February 1, 2021), the
timing of any actual sales of the securities, changes in the valuation of the
securities, and market conditions.  Gains relating to our carried interest
rights are further subject to the extent and timing of distributions based on
the underlying funds' general partner discretion and overall fund performance.

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