Pinegrove Venture Partners
Pinegrove Venture Partners is a private venture investment platform offering fund-of-funds, venture debt, secondaries, and co-investments to institutional LPs, fund managers, and growth-stage companies. Combined AUM exceeds $10 billion with sponsorship from Brookfield, HRTG Partners, and Temasek.
- Company typePrivate
- Founded-
- HeadquartersMenlo Park, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Pinegrove Venture Partners does
Pinegrove Venture Partners is a private venture investment platform headquartered in San Francisco, California, that delivers tailored solutions across four core service areas: fund of funds, venture debt funds, venture secondaries, and co-investments. The platform serves institutional limited partners seeking diversified venture exposure, fund managers seeking co-investment partners, and founders and growth-stage companies seeking flexible, minimally dilutive financing. Pinegrove Credit Partners, the venture debt arm, has deployed more than $4.5 billion across approximately 580 loans to over 450 growth-stage technology and life sciences companies since 2012.
The firm operates as a cohesive platform rather than a single fund, with combined assets under management exceeding $10 billion and institutional sponsorship from Brookfield Asset Management, HRTG Partners, and Singapore's Temasek as anchor investor for the credit operations. In May 2026, Pinegrove Credit Partners entered a strategic partnership with SHK Capital Partners to expand Asian investor access to venture debt, reinforcing its cross-border capital intermediation role. Recent debt and equity investments have spanned advanced manufacturing (Layup Parts), national security RF data (HawkEye 360), healthcare services (Positive Development), and high-growth fintech (Highnote, Ramp at a $32 billion valuation).
Pinegrove generates revenue through two primary streams: recurring management fees on assets under management and performance-based carried interest on successful fund investments, both standard to venture capital and venture debt fund structures. Leadership comprises CEO and Managing Partner Aaron Gershenberg alongside Managing Partners Sulaiman Mamdani and Thorben Hett, with Hett returning to the firm in February 2026 to co-lead venture fund investments and co-investments. The firm employs between 51 and 100 people and operates without proprietary technology or AI capabilities, functioning as a relationship-driven institutional investment manager rather than a technology company.
Pinegrove Venture Partners firmographics
Firmographics- Name
- Pinegrove Venture Partners
- Legal name
- Pinegrove Venture Partners
- Website
- https://pinegrove.vc
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Pinegrove Venture Partners is a private venture investment platform offering fund-of-funds, venture debt, secondaries, and co-investments to institutional LPs, fund managers, and growth-stage companies. Combined AUM exceeds $10 billion with sponsorship from Brookfield, HRTG Partners, and Temasek.
- Ownership category
- akta.pro rank
Pinegrove Venture Partners industry classification
Industry- Product category
- Venture Capital Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Evergreen / Open-Ended Multi-Manager Platforms (FSANAGAM)
- akta.pro secondary industries
- Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF), Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG), Emerging Managers / Seeding Platforms (FSAHAKAI)
Keywords
Where Pinegrove Venture Partners is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pinegrove Venture Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Fund Management Fees: Pinegrove operates as a venture investment platform managing capital for limited partners, generating revenue through management fees on assets under management.
- Carried Interest / Performance Fees: Pinegrove earns performance-based fees from successful fund investments, typical of venture capital and venture debt fund structures.
Pinegrove Venture Partners product offering
Product offeringCore offering
Pinegrove is a venture investment platform that delivers tailored investment solutions across fund of funds, venture debt funds, venture secondaries, and co-investments for fund managers, founders, and limited partners. With combined assets under management exceeding $10 billion and sponsors including HRTG Partners and Brookfield Asset Management, the platform provides diversified access to the global innovation economy. Pinegrove Credit Partners has deployed over $4.5 billion across approximately 580 loans to more than 450 growth-stage companies since 2012.
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 as a unified offering combining four core service areas: Fund of Funds (providing diversified VC fund exposure), Venture Debt Funds (offering flexible debt financing for growth-stage companies), Venture Secondaries (liquidity solutions for venture interests), and Co-investments (direct investment opportunities alongside portfolio companies). With combined assets under management of over $10 billion and sponsors including HRTG Partners and Brookfield Asset Management, the Pinegrove companies function as a cohesive venture platform providing access to the innovation economy.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund of Funds
- Venture Debt Funds
- Venture Secondaries
- Co-investments
Quantifiable outcome
- $4.5 billion deployed across 580 loans to more than 450 growth-stage companies since 2012
- +1 more outcomes
Companies that use Pinegrove Venture Partners
Customer profileSegments4 records
Ideal customer profiles3 records
Pinegrove Venture Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pinegrove Venture Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SHK Capital PartnerscoreSHK Capital Partners and Pinegrove Credit Partners entered a strategic partnership to expand Asian investor access to venture debt investment solutions. The collaboration combines Pinegrove's venture debt expertise (over $4.5 billion deployed across 580 loans since 2012) with SHKCP's extensive Asian network and alternative investment capabilities. The partnership aims to serve as a conduit between sophisticated Asian capital and innovation-led businesses globally.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Pinegrove Venture Partners competitors and assessment
Company assessmentDirect peers
- Adams Street Partners: A private markets investment manager with fund of funds, co-investment, and direct investing capabilities across venture and growth equity. Comparable in offering diversified venture exposure through multiple product types.
- iCapital Network: A fintech-powered platform offering institutional and HNW investors access to private equity, venture capital, and hedge fund investments through fund of funds and feeder structures. Comparable to Pinegrove's role as a venture-access platform.
- Hercules Capital: A leading venture debt provider financing growth-stage technology and life sciences companies. Comparable to Pinegrove Credit Partners' venture debt franchise serving similar borrower profiles.
- Pathway Capital Management: A private markets investment manager specializing in fund of funds and customized portfolio solutions across venture and private equity. Comparable to Pinegrove's fund-of-funds focus and institutional LP relationships.
- Western Technology Investment: A venture debt firm providing growth capital to technology and life sciences companies. Comparable to Pinegrove Credit Partners in offering minimally dilutive financing to growth-stage companies.
- Greenspring Associates: A venture capital fund-of-funds and secondary investment manager. Comparable to Pinegrove's fund-of-funds and venture secondaries offerings serving institutional LPs.
Emerging players
- Larch Lane: A multi-manager alternatives platform offering fund of funds and customized portfolios across private equity and venture capital. Comparable as a smaller-scale multi-manager venture platform.
Broad incumbents
- StepStone Group: A global private markets investment firm focused on fund of funds, co-investments, and secondaries. Comparable to Pinegrove in providing diversified venture and private equity exposure through a multi-manager platform.
- Grosvenor Capital Management: A global alternatives investment firm offering fund of funds, co-investments, and secondaries across multiple alternative asset classes. Comparable to Pinegrove's multi-strategy venture platform.
- Hamilton Lane: A large, established private markets investment manager offering fund of funds, co-investments, and separate accounts across venture, growth, and buyouts. Comparable to Pinegrove as a multi-manager venture investment platform serving institutional LPs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Pinegrove Venture Partners social profiles
Digital presencePinegrove Venture Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pinegrove Venture Partners leadership team
Management profileNumber of profiles
Profiles3 records
Pinegrove Venture Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Pinegrove Venture Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pinegrove Venture Partners M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pinegrove Venture Partners
What does Pinegrove Venture Partners do?
Pinegrove is a venture investment platform that delivers tailored investment solutions across fund of funds, venture debt funds, venture secondaries, and co-investments for fund managers, founders, and limited partners. With combined assets under management exceeding $10 billion and sponsors including HRTG Partners and Brookfield Asset Management, the platform provides diversified access to the global innovation economy. Pinegrove Credit Partners has deployed over $4.5 billion across approximately 580 loans to more than 450 growth-stage companies since 2012.
Is Pinegrove Venture Partners a public or private company?
Pinegrove Venture Partners is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pinegrove Venture Partners founded?
Pinegrove Venture Partners was founded in -1. It employs 51 to 100 people.
Where is Pinegrove Venture Partners based?
Pinegrove Venture Partners is headquartered in Menlo Park, United States, in the North America region.
How does Pinegrove Venture Partners make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest / Performance Fees.
Who are Pinegrove Venture Partners's main competitors?
Direct peers on record are Adams Street Partners, iCapital Network, Hercules Capital, Pathway Capital Management, Western Technology Investment and Greenspring Associates. Larch Lane is listed as an emerging player. Broad incumbents are StepStone Group, Grosvenor Capital Management and Hamilton Lane.
Does Pinegrove Venture Partners have an API?
No public API is recorded for Pinegrove Venture Partners.
What industry is Pinegrove Venture Partners in?
Pinegrove Venture Partners's product category is Venture Capital Investment Management. Its primary akta.pro industry code is FSANAGAM, Evergreen / Open-Ended Multi-Manager Platforms, with a secondary code of FSANAGAF, Emerging Manager / Seeding Platforms (Multi-Manager). Its NAICS code is 52394 and its SIC code is 6282.