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Venture capital CFOs: We've got your back

When you bank with us, you get what matters.

Select clients

Andreessen Horowitz logo
Bain Capital logo
Battery logo
Bessemer Venture Partners logo
Firstmark logo
lightspeed-logo
Lux logo
Polaris Partners logo

Focus on VC fund banking

Largest

Global Fund Banking team in the industry

40+

years banking venture

100%

dedicated fund banking team across client service, credit, treasury and foreign exchange

Relationship building with your peers and LPs

40+

curated insights-sharing events annuallyD

225+

curated LP introductions annuallyD

Strength as part of First Citizens Bank

Top 20

US bank by assetsD

138%

uninsured deposits coverageD

Investment-grade

rating from S&P and Moody'sD

Commitment from First Citizens Bank, founded 1898

Frank Holding

Our support for the Global Fund Banking business has been a top priority since our acquisition of Silicon Valley Bank, and we continue to invest in building this business for the long term.

Frank B. Holding Jr.

Chairman and CEO of First-Citizens Bank & Trust Company

We can help you

Financing

  • Capital call lines of credit
  • Fund-guaranteed loans to portfolio companies
  • Net asset value loans and lender financing

Global banking

  • Cash distribution customized for funds
  • Global cash management
  • Foreign exchange and letters of credit
  • 24/7 online banking
  • Extended wire hours

Financing

  • Management company working capital lines
  • Financing for tenant improvements and placement agent fees
  • Ownership buyout financing
  • Partner lines of credit

Global banking

  • Letters of credit for office leases
  • Global treasury with strategic payment solutions
  • Foreign exchange
  • 24/7 online banking
  • Extended wire hours

A long-term banking and strategic partnership to support your portfolio companies' success at every stage.

Beyond banking, leverage our venture industry connections at curated client events get and insights in our venture industry reports and articles.

  • Relevant, curated introductions to peers, service providers, and LPs
  • Unique professional development events
  • CFO/COO curated information-sharing events, enhanced by wine tastings from our premium wine clients

Ask us about next steps

Jesse Hurley

Jesse Hurley

Head of First Citizens Fund Banking

Mark Lau

Mark Lau

Head of Venture Capital Practice

Our insights for venture capital CFOs

Report

Private Markets Report H2 2026

First Citizens Fund Banking's Private Markets Report covers trends in fundraising, LP behavior, exit markets and operating best practices for private equity, private credit and venture capital fund CFOs.

Blog | PE Operating Best Practices

Back to basics: How private funds CFOs can prepare for 2026 SEC exams

Find out what you need to prepare for 2026 SEC exams. Explore key risks and best practices for private fund CFOs and CCOs.

Blog | Private Funds CFO Insights

5 cyber risk questions private funds CFOs should ask in 2026

Cybersecurity leader Lacy Rex addresses CFOs' essential questions about cybersecurity due diligence and cyber risks, including BEC fraud, AI threats, vendor exposure and data privacy compliance.

Report

Private Markets Report H2 2025

SVB survey and proprietary data as well as discussions in-market shed light on private equity and venture capital professionals' views of the dynamic fundraising environment and use of AI.

Blog | PE Operating Best Practices

Maximizing flexibility with NAV loans

Learn how private equity funds use net asset value, or NAV, loans, important considerations for NAV loans and how NAV lending is gaining momentum.

Events and LP introductions counts as of YE2025.

Source: U.S. Federal Reserve as of 06/30/2026.

Total liquidity of $90B for 2Q2026 includes $59B of on-balance sheet and $31B of contingent liquidity.

Moody’s Investor Service, S&P Global Ratings data as of 06/30/2026. All Silicon Valley Bank and First Citizens Bank data as of 06/30/2026 unless otherwise indicated.

This material is for informational purposes only and is not intended to be an offer, recommendation, or solicitation to purchase or sell any security or product or to employ a specific investment strategy. First Citizens Delaware Trust Company (FCDT), an affiliate of First-Citizens Bank & Trust Company (FCB), does not represent, warrant, or guarantee that this material is accurate, complete, or suitable for any purpose or any investor, and it should not be used as a basis for investment decisions. It is not to be relied upon or used in substitution for the exercise of independent judgment. Third parties mentioned are not affiliated with FCDT or FCB.

FCDT and FCB do not provide, and nothing contained herein should be construed as, legal, tax, or accounting advice. Prior to making any investment or financial decisions, an investor should consult a legal and/or tax advisor for individualized advice that accounts for all the particular facts and circumstances of an investor's situation.

Investing involves risk, including the potential loss of money invested. Past performance does not guarantee future results. Your investments in securities and insurance products are not insured by the FDIC or any other federal government agency and may lose value. They are not deposits or other obligation of, or guarantee by, any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amounts invested. There is no guarantee that a strategy will achieve its objective.

About the Entities, Brands, Products and Services Offered

First Citizens Wealth® (FCW) is a registered trademark of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares, Inc. are the entities through which FCW products are offered. Banking, lending, trust products and services, and certain insurance products are offered by FCB, Member FDIC, Equal Housing Lender ehl, and FCDT. Trust and fiduciary services are also offered through FCDT. Brokerage products and services are offered through First Citizens Investor Services, Inc. (FCIS), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc., and SVB Wealth LLC, all SEC registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products are offered through FCIS, a licensed insurance agency.

For more information, visit FirstCitizens.com/Wealth/Disclosures.

All credit products and loans provided by First-Citizens Bank & Trust Company are subject to underwriting, credit, and collateral approval. Financing availability may vary by state. Restrictions may apply. All information contained herein is for informational purposes only and no guarantee is expressed or implied. Rates, terms, programs, and underwriting policies are subject to change without notice. This is not a commitment to lend. Terms and conditions apply. NMLSR ID 503941
Bank deposit products are offered by First-Citizens Bank & Trust Company. Member FDIC and an Equal Housing Lender.

Foreign exchange transactions can be highly risky, and losses may occur in short periods of time if there is an adverse movement of exchange rates. Exchange rates can be highly volatile and are impacted by numerous economic, political and social factors as well as supply and demand and governmental intervention, control and adjustments. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. Before entering any foreign exchange transaction, you should obtain advice from your own tax, financial, legal, accounting, and other advisors and only make investment decisions on the basis of your own objectives, experience and resources. Opinions expressed are our opinions as of the date of this content only. The material is based upon information which we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.

This material, including without limitation to the statistical information herein, is provided for informational purposes only. The material is based in part on information from third-party sources that we believe to be reliable but which has not been independently verified by us, and, as such, we do not represent the information is accurate or complete. The information should not be viewed as tax, accounting, investment, legal or other advice, nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment, or to engage in any other transaction.

Investment and insurance products are not a deposit, not FDIC-insured, not guaranteed by First Citizens, not insured by any federal government agency and may lose value.

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