Pinegrove Capital Partners
Pinegrove Capital Partners is a Menlo Park-based venture investment platform offering Fund of Funds, Venture Debt (via Pinegrove Credit Partners), Venture Secondaries, and Co-Investments to fund managers, founders, and limited partners, with over $10 billion in combined AUM and backing from Brookfield Asset Management.
- Company typePrivate
- Founded2012
- HeadquartersMenlo Park, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Pinegrove Capital Partners does
Pinegrove Capital Partners is a private venture investment platform operating from Menlo Park, California, that delivers tailored investment solutions to fund managers, founders, and limited partners across the venture capital ecosystem. The platform spans four core product lines: Fund of Funds, Venture Debt Funds (operated through Pinegrove Credit Partners), Venture Secondaries, and Co-Investments, with combined assets under management exceeding $10 billion. Sponsors include Brookfield Asset Management and HRTG Partners, and the platform has strategic backing from Sequoia Heritage and Temasek.
The company's business model rests on asset management fees, carried interest, and secondary transaction spreads, monetized through multiple institutional-grade vehicles rather than a single fund. Pinegrove Credit Partners has deployed over $4.5 billion across approximately 580 loans to more than 450 growth-stage technology and life sciences companies since 2012, with existing fund vehicles committing approximately $700 million across 37 loans since March 2025. The platform targets the global innovation economy across AI and compute infrastructure, defense, space, energy, robotics, enterprise software, healthcare, and life sciences.
The go-to-market is relationship-driven and institutional: direct sales to fund managers, family offices, and institutional investors, supported by strategic partnerships with sponsors (Brookfield Asset Management) and capital partners (Temasek for venture debt, Sequoia Heritage as a co-investor). In September 2024, Pinegrove completed the acquisition of SVB Capital from SVB Financial Group during the latter's Chapter 11 proceedings, materially expanding the platform's fund-of-funds and secondaries footprint. The platform has 51–100 employees and also operates under the DBA "Pinegrove Venture Partners."
Pinegrove Capital Partners firmographics
Firmographics- Name
- Pinegrove Capital Partners
- Legal name
- Pinegrove Capital Partners
- Website
- https://pinegrovecp.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Pinegrove Capital Partners is a Menlo Park-based venture investment platform offering Fund of Funds, Venture Debt (via Pinegrove Credit Partners), Venture Secondaries, and Co-Investments to fund managers, founders, and limited partners, with over $10 billion in combined AUM and backing from Brookfield Asset Management.
- Ownership category
- akta.pro rank
Pinegrove Capital Partners industry classification
Industry- Product category
- Venture Capital and Private Equity Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
- akta.pro secondary industries
- Evergreen / Open-Ended Multi-Manager Platforms (FSANAGAM), Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Pinegrove Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Markets served
Pinegrove Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Distribution channels1 record
Marketing channels1 record
Pinegrove Capital Partners product offering
Product offeringCore offering
Pinegrove Capital Partners is a venture investment platform that delivers tailored solutions for fund managers, founders, and limited partners in the venture capital ecosystem. Its offerings span fund of funds, venture debt funds, venture secondaries, and co-investments, with combined assets under management exceeding $10 billion. The platform is sponsored by HRTG Partners and Brookfield Asset Management and operates with a strategic venture debt partnership with Temasek.
Product overview
Pinegrove is a venture investment platform designed to deliver tailored solutions for fund managers, founders, and limited partners in the venture capital ecosystem. The platform operates through multiple investment vehicles including Fund of Funds, Venture Debt Funds (via Pinegrove Credit Partners), Venture Secondaries, and Co-Investments. Pinegrove has combined assets under management of over $10 billion, with sponsors including HRTG Partners and Brookfield Asset Management. The company completed the acquisition of SVB Capital from SVB Financial Group and has partnered with Temasek to provide venture debt financing to growth-stage technology and life sciences companies.
Differentiator
Problem solved
Functional benefit
Brands
- Pinegrove Credit Partners: Venture debt financing platform formed through partnership with Temasek to provide venture debt to growth-stage technology and life sciences companies.
Products and services
- Fund of Funds Investment vehicle that provides capital to venture capital funds, offering fund managers and limited partners diversified exposure to the venture ecosystem.
- Venture Debt Funds Debt financing solutions for growth-stage companies in the innovation economy, providing non-dilutive capital alongside equity investments through Pinegrove Credit Partners.
- Pinegrove Credit Partners Venture debt platform that has deployed over $4.5 billion across approximately 580 loans to more than 450 companies since 2012, backed by Brookfield Asset Management and partnered with Temasek to serve growth-stage technology and life sciences companies.
- Venture Secondaries Secondary market transactions providing liquidity solutions for venture fund investors, limited partners, and early shareholders seeking to monetize fund interests.
- Co-Investments Direct investment opportunities alongside portfolio companies and select venture funds, offering fund managers and limited partners targeted exposure to specific high-conviction ventures.
Companies that use Pinegrove Capital Partners
Customer profileSegments2 records
Ideal customer profiles2 records
Pinegrove Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pinegrove Capital Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TemasekflagshipTemasek and Pinegrove Credit Partners formed a strategic partnership to provide venture debt financing to growth-stage technology and life sciences companies in the innovation economy. The partnership focuses on AI and compute infrastructure, defense, space, energy, robotics, enterprise software, healthcare and life sciences sectors. Existing fund vehicles have committed approximately $700 million across 37 loans since March 2025.
Scale indicators5 records
Recent moves5 records
Expansion highlights6 records
Pinegrove Capital Partners competitors and assessment
Company assessmentDirect peers
- StepStone Group: StepStone is a global multi-manager private markets platform operating across fund-of-funds, secondaries, co-investments, and direct credit. It is the closest analog to Pinegrove's combined FoF/secondaries/credit offering and competes for similar LP mandates.
- Hamilton Lane: Hamilton Lane operates a global private-markets platform spanning fund-of-funds, separate accounts, secondary advisory, and direct credit. It is the most direct scaled competitor to Pinegrove's multi-strategy venture/capital solutions model.
- HarbourVest Partners: HarbourVest is one of the largest multi-manager private-markets investors, with FoF, secondaries, and direct capabilities. It overlaps with Pinegrove across FoF, venture secondaries, and co-investments and competes for institutional LP capital.
- Adams Street Partners: Adams Street is a long-tenured multi-manager private markets platform with deep venture capital fund-of-funds, secondary, and co-invest capabilities. It directly competes with Pinegrove for VC-allocated LP mandates.
- LGT Capital Partners: LGT Capital Partners is a global multi-manager private-markets platform offering FoF, secondaries, co-investments, and private credit. Comparable to Pinegrove in delivering diversified venture/private-equity exposure to LPs across strategies.
- TriplePoint Capital: TriplePoint provides venture debt, equipment financing, and equity to venture-backed growth-stage technology companies. Directly comparable to Pinegrove Credit Partners on venture-stage innovation lending.
- Hercules Capital: Hercules is the largest publicly listed specialty finance company providing venture debt to growth-stage technology and life sciences companies. Directly comparable to Pinegrove Credit Partners' venture debt franchise.
- Greenspring Associates: Greenspring was a venture secondaries and fund-of-funds specialist (acquired by StepStone). It is highly comparable to Pinegrove on the secondaries/venture-platform dimension and a relevant competitor for VC secondary transactions.
Broad incumbents
- Partners Group: Partners Group is a global private-markets platform with primary, secondary, direct, and credit capabilities. Comparable as a broad multi-strategy incumbent that competes with Pinegrove for mandates across FoF, secondaries, and private credit.
- KKR & Co. KKR is a global alternative asset manager with growing venture, private credit, and secondaries capabilities. As a broad incumbent, it competes with Pinegrove for institutional mandates across multiple product lines, though at a vastly larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pinegrove Capital Partners social profiles
Digital presencePinegrove Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pinegrove Capital Partners leadership team
Management profileNumber of profiles
Pinegrove Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pinegrove Capital Partners M&A and investment
M&A and investmentM&A1 record
Investments14 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pinegrove Capital Partners
What does Pinegrove Capital Partners do?
Pinegrove Capital Partners is a venture investment platform that delivers tailored solutions for fund managers, founders, and limited partners in the venture capital ecosystem. Its offerings span fund of funds, venture debt funds, venture secondaries, and co-investments, with combined assets under management exceeding $10 billion. The platform is sponsored by HRTG Partners and Brookfield Asset Management and operates with a strategic venture debt partnership with Temasek.
Is Pinegrove Capital Partners a public or private company?
Pinegrove Capital Partners is a private company. It is classified as private equity controlled and is currently operating.
When was Pinegrove Capital Partners founded?
Pinegrove Capital Partners was founded in 2012. It employs 51 to 100 people.
Where is Pinegrove Capital Partners based?
Pinegrove Capital Partners is headquartered in Menlo Park, United States, in the North America region.
Who are Pinegrove Capital Partners's main competitors?
Direct peers on record are StepStone Group, Hamilton Lane, HarbourVest Partners, Adams Street Partners, LGT Capital Partners, TriplePoint Capital, Hercules Capital and Greenspring Associates. Broad incumbents are Partners Group and KKR & Co..
Does Pinegrove Capital Partners have an API?
No public API is recorded for Pinegrove Capital Partners.
What industry is Pinegrove Capital Partners in?
Pinegrove Capital Partners's product category is Venture Capital and Private Equity Asset Management. Its primary akta.pro industry code is FSANAGAC, Venture Capital Fund-of-Funds, with a secondary code of FSANAGAM, Evergreen / Open-Ended Multi-Manager Platforms. Its NAICS code is 52394 and its SIC code is 6211.