Exhibit 21.1
SVB Financial Group Annual Report on Form 10-K
Exhibit 21.1-Subsidiaries of SVB Financial Group
The following is a list of the direct and indirect subsidiaries of SVB Financial Group as of December 31, 2014:
| Subsidiary | Jurisdiction of Incorporation or Organization |
| Capital Partners III, L.P. | Delaware |
| CP Secondaries Fund, L.P. | Delaware |
| GHVL, LP | California |
| Gold Hill Venture Lending 03, LP | California |
| Gold Hill Venture Lending 03-A, LP | California |
| Gold Hill Venture Lending 03-B, LP | California |
| Gold Hill Venture Lending 03-C, Inc. | Delaware |
| Gold Hill Venture Lending 03-C, LP | California |
| Gold Hill Venture Lending Partners 03, LLC | California |
| Partners for Growth, L.P. | Delaware |
| Qualified Investors Fund III, LLC | Delaware |
| Silicon Valley BancVentures, Inc. | California |
| Silicon Valley BancVentures, L.P. | California |
| Silicon Valley Bank | California |
| Strategic Investors Fund V, L.P. | Delaware |
| Strategic Investors Fund V-A, L.P | Delaware |
| Strategic Investors Fund V-A Opportunity, L.P | Delaware |
| Strategic Investors Fund V-B, L.P. | Delaware |
| Strategic Investors Fund VI, L.P. | Delaware |
| Strategic Investors Fund VI-A, L.P. | Delaware |
| Strategic Investors Fund VII, L.P. | Delaware |
| Strategic Investors Fund VII-A, L.P. | Delaware |
| SVB Analytics, Inc. | Delaware |
| SVB Asset Management | California |
| SVB Business Partners (Beijing) Co. Ltd. | China |
| SVB Business Partners (Shanghai) Co. Ltd. | China |
| SVB Capital-NT Growth Partners, L.P. | Delaware |
| SVB Capital Partners II, LLC | Delaware |
| SVB Capital Partners II, L.P. | Delaware |
| SVB Capital Partners III, LLC | Delaware |
| SVB Capital Preferred Return Fund, L.P. | Delaware |
| SVB Capital Shanghai Yangpu Venture Capital Fund, L.P. | China |
| SVB Capital Trust II | Delaware |
| SVB Financial Group UK Limited | United Kingdom |
| SVB GG Holdings, LLC | Delaware |
| SVB Global Financial, Inc. | Delaware |
| SVB Growth Investors, LLC | Delaware |
| SVBIF Management | Mauritius |
| SVB India Advisors, Pvt. Ltd. | India |
| SVB India Finance Private Limited | India |
| SVB International Finance, Inc | United States |
| SVB Israel Advisors, Ltd. | Israel |
| SVB Qualified Investors Fund, LLC | California |
| SVB Qualified Investors Fund II, LLC | Delaware |
| SVB Securities | California |
| SVB Strategic Investors Fund, L.P. | California |
| SVB Strategic Investors Fund II, L.P. | Delaware |
| SVB Strategic Investors Fund III, L.P. | Delaware |
| SVB Strategic Investors Fund IV, L.P. | Delaware |
| SVB Strategic Investors II, LLC | California |
| SVB Strategic Investors II, LLC | Delaware |
| SVB Strategic Investors III, LLC | Delaware |
| SVB Strategic Investors IV, LLC | Delaware |
| SVB Strategic Investors V, LLC | Delaware |
| SVB Strategic Investors VI, LLC | Delaware |
| SVB Strategic Investors VII, LLC | Delaware |
| SVB Venture Capital Investment Management (Shanghai) Co. Limited | China |
| SVB Wealth Advisory, Inc. | Delaware |
| Venture Investment Managers, L.P. | Delaware |