Pinegrove Venture Partners Closes $1.5 Billion Oversubscribed Strategic Investors Fund XII
PE FORUM > Blog > Fundraising News > Pinegrove Venture Partners Closes $1.5 Billion Oversubscribed Strategic Investors Fund XII
– Pinegrove Venture Partners has closed Strategic Investors Fund XII (SIF XII) at $1.5 billion, across its Early and Scale strategies.
– The fund was significantly oversubscribed, with investor demand well above the fundraising target.
– SIF XII-Early invests with early-stage venture managers, while SIF XII-Scale targets expansion-stage managers and selective co-investments alongside leading GPs.
– The two strategies provide institutional investors with exposure across the venture capital lifecycle.
– Pinegrove’s approach is built on 26+ years of relationships with venture managers, founders and institutional investors.
– The Florida State Board of Administration anchored SIF XII
– The platform seeks opportunities beyond traditional venture fund commitments, including co-investments, tailored portfolio solutions and strategic capital opportunities.
– SIF XII is investing across AI, infrastructure, enterprise software, healthcare, life sciences and defense.
– Aaron Gershenberg, Managing Partner, Pinegrove Venture Partners: said venture capital rewards patience, conviction and trusted relationships, adding that SIF XII reflects continued investor confidence in Pinegrove’s differentiated approach.
– Anuj Ranjan, CEO, Brookfield Private Equity: said Pinegrove has built a leading venture platform through decades of trusted relationships and has strengthened its position as a partner to leading venture managers and institutional investors.
– John Bradley, Head of Private Equity, State Board of Administration of Florida said Pinegrove is one of the institution’s most important and successful partnerships, helping it access the innovation economy.
– Pinegrove says its objective is to act as a strategic partner to institutional investors, building portfolios around their objectives, pacing requirements and risk parameters.
– With SIF XII now closed, Pinegrove will continue deploying capital globally across its Early and Scale strategies.
– The fund was significantly oversubscribed, with investor demand well above the fundraising target.
– SIF XII-Early invests with early-stage venture managers, while SIF XII-Scale targets expansion-stage managers and selective co-investments alongside leading GPs.
– The two strategies provide institutional investors with exposure across the venture capital lifecycle.
– Pinegrove’s approach is built on 26+ years of relationships with venture managers, founders and institutional investors.
– The Florida State Board of Administration anchored SIF XII
– The platform seeks opportunities beyond traditional venture fund commitments, including co-investments, tailored portfolio solutions and strategic capital opportunities.
– SIF XII is investing across AI, infrastructure, enterprise software, healthcare, life sciences and defense.
– Aaron Gershenberg, Managing Partner, Pinegrove Venture Partners: said venture capital rewards patience, conviction and trusted relationships, adding that SIF XII reflects continued investor confidence in Pinegrove’s differentiated approach.
– Anuj Ranjan, CEO, Brookfield Private Equity: said Pinegrove has built a leading venture platform through decades of trusted relationships and has strengthened its position as a partner to leading venture managers and institutional investors.
– John Bradley, Head of Private Equity, State Board of Administration of Florida said Pinegrove is one of the institution’s most important and successful partnerships, helping it access the innovation economy.
– Pinegrove says its objective is to act as a strategic partner to institutional investors, building portfolios around their objectives, pacing requirements and risk parameters.
– With SIF XII now closed, Pinegrove will continue deploying capital globally across its Early and Scale strategies.