Pinegrove Venture Partners

Pinegrove Venture Partners is a venture investment platform designed to deliver tailored solutions for fund managers, founders, and limited partners in the venture capital ecosystem. Their expertise spans fund of funds, venture debt funds, venture secondaries, and co-investments. With combined assets under management of over $10 billion and sponsors such as Sequoia Heritage and Brookfield Asset Management, the Pinegrove companies operate as a cohesive and dynamic venture platform providing access to the innovation economy.

In March 2025, Pinegrove announced an expanded relationship with the Florida State Board of Administration (SBA), one of the world's largest institutional investors, with an additional $700 million commitment to Pinegrove's platform. This partnership focuses on Pinegrove's multi-strategy approach, including fund-of-funds, co-investments, credit solutions, and structured secondaries. In June 2025, Pinegrove collaborated with DTCP on an $80 million continuation vehicle designed to deliver liquidity to DTCP's original limited partners while setting the stage for long-term value creation. This transaction enables DTCP to generate near-term liquidity for its existing investors, including telecommunications firm Deutsche Telekom, while simultaneously repositioning the fund's capital to align incentives and participation for both new and existing stakeholders.

In March 2025, Pinegrove entered into a strategic lending relationship with Silicon Valley Bank (SVB), a division of First Citizens Bank, to extend the availability of venture debt to technology and life science companies nationwide. Pinegrove and SVB expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years. This collaboration aims to provide expanded access to financing solutions that will help fast-growing companies succeed and scale. The Pinegrove team has been working with SVB for over a decade to develop creative and innovative venture debt financing solutions, resulting in highly differentiated and flexible offerings that meet the financing needs of companies and venture investors.

In September 2024, SVB Financial Group completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners. This acquisition included a combination of cash and other economic interests. The transaction was subject to Bankruptcy Court and regulatory approval, as well as other customary closing conditions. The acquisition of SVB Capital by Pinegrove Capital Partners positions the business to thrive over the long term, with the support of SVB Financial Group's major creditor groups. The transaction maximizes the value for the benefit of SVB Financial Group's constituents, with a significant cash component as well as the ability to participate in the future upside potential of the business.

Pinegrove's mission is to support premier venture and growth managers with creative, scaled, and investor-aligned liquidity solutions. Their partnership with DTCP reflects this mission, as they collaborate to provide tailored solutions for investors. The continuation vehicle not only delivers immediate liquidity but also empowers DTCP to continue building value in its most promising investments. This transaction underscores a growing trend in the venture ecosystem: the use of innovative secondary solutions to balance near-term liquidity with long-term value creation. Pinegrove's investment of nearly $80 million will be used to unlock liquidity for shareholders.

Pinegrove's expertise in venture capital fund-of-funds, co-investments, credit solutions, and secondaries, backed by Sequoia Heritage and Brookfield Asset Management, underscores their commitment to driving innovation across the global venture ecosystem. Their strategic partnerships and innovative solutions position them as a key player in providing access to high-impact investments while offering liquidity solutions at critical moments.

Pinegrove's focus on mid to late-stage private technology businesses, combined with their flexible mandate that includes GP-led continuation vehicles, strip sales, purchases of LP interests, direct co-investments, and structured preferred equity financings, allows them to capitalize on opportunities within the venture capital market. Their business model revolves around leveraging their $1 billion strategy, backed by sponsors Sequoia Heritage and Brookfield, to generate revenue through strategic investments and financial partnerships, serving clients who require liquidity solutions in a dynamic market environment.