Pinegrove Opportunity Partners has raised $2.2 billion for its debut venture secondaries fund, addressing growing liquidity challenges in the venture capital market. The San Francisco-based firm, backed by Brookfield Asset Management and Sequoia Heritage with $500 million, focuses on purchasing existing stakes in venture-backed companies rather than primary investments. Led by experienced professionals from major financial institutions, the firm has already deployed $1 billion in companies including Stripe, Databricks, and Revolut, targeting mid- to later-stage technology companies with check sizes ranging from $50 million to $250 million.
