Archive · 23 Jan 2026
Pinegrove Raises $2.2 Billion for Venture Secondaries Fund
Pinegrove Opportunity Partners is a new company that helps investors buy and sell shares in startups that are not yet public.
They just raised $2.2 billion to do this.
This is important because many startups are staying private longer, making it hard for investors to sell their shares.
Pinegrove buys these shares from other investors or from the startups themselves.
They have already invested $1 billion in companies like Stripe and Databricks.
Big companies like Brookfield Asset Management and Sequoia Heritage are supporting Pinegrove.
They plan to invest mostly in mid-to-late-stage technology companies that are almost profitable.
Pinegrove Opportunity Partners raised $2.2 billion for its debut fund, focusing on venture secondaries.
The firm buys existing ownership stakes in venture-backed companies or funds to address liquidity challenges in the venture capital market.
Founded in 2023, Pinegrove is backed by major investors like Brookfield Asset Management and Sequoia Heritage.
The 16-person team plans to invest primarily in mid- to later-stage private technology companies nearing profitability.
Pinegrove has already deployed $1 billion, including investments in Stripe, Databricks, and Revolut.
- Who
- Pinegrove Opportunity Partners, a San Francisco-based venture secondary firm
- What
- Raised $2.2 billion for its debut fund
- When
- Recently closed the investment round
- Where
- San Francisco, California
- Why
- To address the illiquidity challenge in the venture capital market by buying existing ownership stakes in venture-backed companies or funds
- Fund Size
- $2.2 billion
- Founded
- 2023
- Key Backers
- Brookfield Asset Management, Sequoia Heritage
- Team Size
- 16
- Average Investment
- $50 million to $250 million
- Notable Investments
- Stripe, Databricks, Revolut