Wednesday, December 26, 2012

Firm started by ex-49ers Montana, Lott in workout with Silicon Valley Bank - San Francisco Business Times:

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million owed to it by a privately held investment firm startex by former 49ers starsJoe Montana, Ronnie Lott and Harriss Barton named . The Santa Clara-based holding companh for (NASDAQ: SIVB) said in a government filinvg that it has proposed an arrangementwith Woodside-based HRJ in which the bank would provide management services to and form a limited partnership with the SVB said it would get management fees from the arrangemen which would repay part of the HRJ would be allowerd access to a working capital loan for ongoing operations for a limited A private equity newsletter published by Reuters, PE reported that the firm ran into trouble on a bridg loan with SVB while trying to raisse $250 million.
The report said HRJ was only able to raiseebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changecd its name after Montanaz joinedthe firm. Montana left HRJ in 2006.

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