Partners for Growth
Partners for Growth is a privately held investment adviser providing custom growth debt (term loans, warehouse facilities, lines of credit) to technology, fintech, and healthcare companies worldwide, with 8 global offices and $2.1B+ deployed across 250+ companies since 2004.
- Company typePrivate
- Founded2004
- HeadquartersCorte Madera, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Partners for Growth does
Partners for Growth (PFG) is a privately held, California-based registered investment adviser that underwrites custom debt solutions for growth-stage technology, fintech, healthcare, and life science companies. Founded in 2004 when co-founders Don Campbell and Andrew Kahn spun out of JP Morgan Partners, PFG traces its lineage to 1985 via Hambrecht & Quist Guaranty Finance (H&QGF). The firm provides bespoke growth debt — including term loans, asset-backed/warehouse facilities, lines of credit, and royalty/revenue-based financing — to companies typically generating $5-150MM in revenue or holding $5MM+ in asset portfolios, with individual loan sizes of $1-50MM. Cumulatively, PFG has deployed over $2.1 billion across more than 250 portfolio companies worldwide.
PFG's underwriting methodology is explicitly "company-centric": the firm evaluates credit profile, asset value, and progress to profitability rather than relying on a VC-syndicate validation lens, making capital accessible to bootstrapped, PE-backed, family-office-backed, and sponsor-led companies. Standardized transaction requirements — security in all assets (senior or subordinate), equity participation via warrants or conversion, and financial covenants tailored to each deal — reflect a covenanted rather than "lighter touch" credit philosophy. The firm operates through 8 locally-embedded offices spanning San Francisco, Boston, Miami, New York, Sydney, Dubai, São Paulo, and Riyadh, staffed by approximately 30+ investment, portfolio management, business development, IR, finance, compliance, and data professionals. Strategic alliances with Silicon Valley Bank (30+ year co-lending partnership), the IFC (World Bank Group, 2022), IDB Invest (2020 Latin America Growth Lending Fund JV), and the Dubai International Financial Centre (October 2025) extend sourcing, co-lending, and emerging-market risk-sharing capabilities.
PFG generates revenue through two primary streams: (1) interest income, fees, and equity participation (warrants/conversion) from directly originated growth debt facilities, and (2) management fees plus carried interest charged to limited partners of its funds via Partners for Growth Managers, LLC (a registered investment adviser; offerings limited to qualified clients under SEC Rule 205-3). In March 2026, PFG held a first close on the PFG Income Fund with investor commitments exceeding A$250 million (~US$178M), a new later-stage technology private credit strategy targeting Australian and global tech-enabled businesses, fintechs, and alternative lenders. The firm operates across North America, Latin America, Europe, MENA, Asia Pacific, and Australia/New Zealand, supported by curated founder/CFO engagement channels such as the invite-only Tech CFO Connect community and co-marketing with SVB.
Partners for Growth firmographics
Firmographics- Name
- Partners for Growth
- Legal name
- Partners for Growth Managers, LLC
- Website
- https://pfgrowth.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Partners for Growth is a privately held investment adviser providing custom growth debt (term loans, warehouse facilities, lines of credit) to technology, fintech, and healthcare companies worldwide, with 8 global offices and $2.1B+ deployed across 250+ companies since 2004.
- Ownership category
- akta.pro rank
Partners for Growth industry classification
Industry- Product category
- Private Credit / Venture Debt Lending
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Independent Venture Debt Funds / Platforms (FSANAIAB)
- akta.pro secondary industries
- Revenue-Based Financing (RBF) Providers (FSANAIAF), SME Term Loans & Growth Capital (FSAKAGAB)
Keywords
Where Partners for Growth is headquartered
LocationHeadquarters
- HQ city
- Corte Madera
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Partners for Growth business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund management fees and carried interest: Partners for Growth Managers, LLC operates as a registered investment adviser; PFG Funds charge management fees and carried interest to limited partners. Net IRR is calculated net of management fees, expenses, and carried interest. Investment products are offered only to qualified clients under SEC Rule 205-3.
- Interest income on growth debt and warehouse facilities: Primary economic return: interest, fees, and equity participation (warrants/conversion) from custom term loans, asset-backed warehouse facilities, lines of credit, and royalty/revenue-based financing extended to growth-stage tech companies ($1-50MM loan size range).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom growth debt facilities sized $1-50MM for tech companies with $5-150MM revenue or $5MM+ asset portfolios |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
Partners for Growth product offering
Product offeringCore offering
Partners for Growth provides custom, non-dilutive debt capital — including growth term loans, asset-backed and multi-currency warehouse facilities, revolving lines of credit, and royalty/revenue-based financing — to post-revenue growth-stage technology, healthcare, and life science companies. Loan sizes range from $1–50MM for borrowers with $5–150MM in revenue or $5MM+ in asset portfolios, with standard terms of senior or subordinate security in all assets, financial covenants, and equity participation via warrants or conversion. The firm also operates fund vehicles (e.g., PFG Income Fund, Latin America Growth Lending Fund) that charge management fees and carried interest to limited partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Debt Facilities (Term Loans, Lines of Credit, Royalty/Revenue-Based Financing)
- Asset-Backed and Multi-Currency Warehouse Facilities
- PFG Income Fund (Later-Stage Technology Private Credit Fund)
- Latin America Growth Lending Fund
Quantifiable outcome
- Over $2.1 billion deployed in 250+ companies worldwide
- +4 more outcomes
Companies that use Partners for Growth
Customer profileNamed customers20 records
Segments8 records
Ideal customer profiles3 records
Partners for Growth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Partners for Growth partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered adjacent, core and flagship.
- Saudi Venture Capital (SVC)adjacentPFG is described as having partnered with Saudi Venture Capital alongside DIFC, Sukna Capital, and Jada in supporting the Gulf's tech and private credit ecosystem.
- Sukna CapitaladjacentDescribed as one of PFG's regional partners in the Gulf ecosystem alongside DIFC, Saudi Venture Capital, and Jada; also noted for partnering on a $50M Shariah-compliant lending fund for SMEs.
- Jada (Jada Fund of Funds)adjacentDescribed as a regional partner alongside DIFC, Saudi Venture Capital, and Sukna Capital in supporting the Gulf private credit ecosystem.
- Dubai International Financial Centre (DIFC)coreStrategic partnership to provide growth debt to high-growth technology companies in Dubai and the Gulf. Mandate to drive local innovation with additional opportunistic pan-GCC and global transactions; targets sectors like fintech, healthtech, insurtech, and spacetech. Aligns with Dubai's D33 agenda.
- International Finance Corporation (IFC), a member of the World Bank GroupflagshipStrategic co-investment program that enhances PFG's sourcing capabilities across global markets. The collaboration gives PFG access to IFC's network of portfolio companies and managers, deepens diligence bench, and broadens reach in fintech and tech-enabled businesses worldwide.
- IDB Invest (Inter-American Development Bank Group)flagshipPFG leads a joint venture with IDB Invest via the Latin America Growth Lending Fund, providing debt capital to emerging innovative tech companies across the region. The partnership extends IDB Invest/IDB Lab's early-stage VC efforts and ensures companies can scale beyond Series A with flexible, minimally dilutive capital.
- Silicon Valley Bank (SVB)flagship30+ year global strategic partnership since the late 1980s. PFG and SVB have collaborated as co-lenders across the U.S. & Canada, Europe, Middle East, Asia, and Latin America, including a co-managed Venture Debt Latin America Growth Lending Fund. PFG/SVB extend each other's ability to reach new markets and provide deeper capital to high-growth companies.
Scale indicators15 records
Recent moves10 records
Expansion highlights6 records
Partners for Growth competitors and assessment
Company assessmentDirect peers
- TriplePoint Capital: TriplePoint Capital is a venture lending firm providing growth capital to technology and life science companies. Comparable in growth-debt focus, deal size range, and warrant participation structure.
- Hercules Capital: Hercules Capital is the largest publicly traded specialty finance company focused on venture debt to technology, life sciences, and sustainable technology companies. Directly comparable in target borrower profile and debt product set, but at significantly greater scale and public-market valuation.
- Horizon Technology Finance: Horizon Technology Finance is a specialty finance company providing venture debt to development-stage technology, life science, healthcare, and sustainability companies. Directly comparable in deal-size range and target verticals.
- Runway Growth Finance: Runway Growth Finance is a publicly traded specialty finance company providing senior secured term loans to venture and non-venture-backed growth-stage companies. Closely comparable in growth-stage tech focus and bespoke underwriting approach.
- Western Technology Investment (WTI): WTI is one of the longest-standing independent venture debt funds in Silicon Valley, providing growth capital to tech and life science companies. Closest analogue to PFG in business model, vintage (founded 1980), and underwriting approach, though more US-centric.
- Trinity Capital: Trinity Capital is a publicly traded specialty finance company providing venture debt and equipment financing to growth-stage tech and life science companies. Comparable in product mix (term loans, asset-backed facilities) and target borrower segment.
- Cambridge Capital Funding: Cambridge Capital is an asset-based lender providing senior debt to growth-stage and technology-enabled companies. Comparable in structuring bespoke working capital and asset-backed facilities for tech borrowers.
Broad incumbents
- Bridge Bank (Western Alliance Bancorporation): Bridge Bank, a division of Western Alliance, provides venture debt and technology banking to growth-stage companies. Broad incumbent competing in PFG's US segments with deeper capital base and deposit-funded cost of capital.
Emerging players
- Clarity Capital Solutions (Halo Capital): An emerging fintech-focused private credit provider extending structured debt to early-growth fintechs and embedded finance platforms. Niche overlap with PFG's fintech warehouse financing capabilities.
- Clearco: Clearco is a revenue-based financing provider to e-commerce and SaaS businesses. Comparable as a non-dilutive growth capital provider to tech founders, though at smaller ticket sizes and primarily North American.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Partners for Growth social profiles
Digital presencePartners for Growth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Partners for Growth leadership team
Management profileNumber of profiles
Profiles8 records
Partners for Growth subsidiaries and ownership
Company hierarchySubsidiaries2 records
Partners for Growth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Partners for Growth M&A and investment
M&A and investmentM&A
Investments101 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Partners for Growth
What does Partners for Growth do?
Partners for Growth provides custom, non-dilutive debt capital — including growth term loans, asset-backed and multi-currency warehouse facilities, revolving lines of credit, and royalty/revenue-based financing — to post-revenue growth-stage technology, healthcare, and life science companies. Loan sizes range from $1–50MM for borrowers with $5–150MM in revenue or $5MM+ in asset portfolios, with standard terms of senior or subordinate security in all assets, financial covenants, and equity participation via warrants or conversion. The firm also operates fund vehicles (e.g., PFG Income Fund, Latin America Growth Lending Fund) that charge management fees and carried interest to limited partners.
Is Partners for Growth a public or private company?
Partners for Growth is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Partners for Growth founded?
Partners for Growth was founded in 2004. It employs 11 to 50 people.
Where is Partners for Growth based?
Partners for Growth is headquartered in Corte Madera, United States, in the North America region.
How does Partners for Growth make money?
Two revenue lines are on record. Fund management fees and carried interest is the primary driver. The others are interest income on growth debt and warehouse facilities.
Who are Partners for Growth's main competitors?
Direct peers on record are TriplePoint Capital, Hercules Capital, Horizon Technology Finance, Runway Growth Finance, Western Technology Investment (WTI), Trinity Capital and Cambridge Capital Funding. Bridge Bank (Western Alliance Bancorporation) is listed as a broad incumbent. Emerging players are Clarity Capital Solutions (Halo Capital) and Clearco.
Does Partners for Growth have an API?
No public API is recorded for Partners for Growth.
What industry is Partners for Growth in?
Partners for Growth's product category is Private Credit / Venture Debt Lending. Its primary akta.pro industry code is FSANAIAB, Independent Venture Debt Funds / Platforms, with a secondary code of FSANAIAF, Revenue-Based Financing (RBF) Providers. Its NAICS code is 52394 and its SIC code is 6159.