Bridge Bank Expands Equity Fund Resources Group Hires Dragomir Sipovic, Vice President
October 27, 2020
Bridge Bank today announced it has expanded its Equity Fund Resources group (EFR), by hiring Dragomir Sipovic, vice president, in its Boston office. Sipovic joins Bridge Bank from State Street Bank. He will be responsible for growing and managing the EFR subscription book of business as well as capital call lines of credit for small business investment companies (SBIC), private equity and venture capital funds.
The EFR group at Bridge Bank is a central hub for the private equity and venture capital communities and has a national focus, working to understand firm’s unique needs and providing a range of financial solutions, including capital call lines, subscription facilities and providing lines of credit and working capital.
“We are strengthening our team to provide even greater support to the private equity and venture capital communities,” said Guy Simpson, senior vice president and head of Equity Fund Resources at Bridge Bank. “Dragomir’s extensive knowledge of the capital call process will be an asset for our team and the firms we work with.”
“I’m excited to join the EFR group which is comprised of experienced professionals with a focus on client success,” said Dragomir Sipovic, vice president. “I look forward to providing flexible financial solutions and exceptional service to private equity and venture capital firms.”
A seasoned financial professional with more than 15 years of experience, Sipovic most recently was private equity portfolio manager and vice president with State Street Bank. Sipovic holds a dual MBA and Master of Science in Finance from Northeastern University, Boston. He also holds a Bachelor of Science in Business Administration from Northeastern University, Boston.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored business banking solutions throughout the Bay Area and has specialized expertise, focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. As part of $65 billion Western Alliance Bancorporation — ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director — Bridge Bank has the reach, resources and deep industry knowledge that make a difference for customers.