Pinegrove Capital Partners' Affiliate to Acquire SVB Capital's Investment Platform Business
Acquiring Company
Pinegrove Capital Partners
Acquired Company
SVB Capital
San FranciscoSan FranciscoFinancial ServicesFinanceVenture CapitalAngel InvestmentFinanceVenture CapitalAngel InvestmentDescription
SVB Financial Group has entered into a definitive agreement for the sale of its investment platform business, SVB Capital, to a newly created entity affiliated with Pinegrove Capital Partners. SVB Capital and Pinegrove will operate independently, each led by their existing management teams, with the common long-term financial backing of Brookfield Asset Management and Sequoia Heritage, focused on providing flexible and innovative capital solutions to their trusted clients.
Quick answer
Pinegrove Capital Partners is acquiring SVB Capital, announced May 4, 2024. Pinegrove Capital Partners is based in San Francisco, California, United States.
- How much did Pinegrove Capital Partners pay for SVB Capital?
- The deal value was not disclosed.
- What does Pinegrove Capital Partners do?
- Pinegrove Capital Partners is a capital solutions partner for the venture capital ecosystem, providing customized and scalable secondary liquidity solutions for general partners and limited partners with a focus on..
- Where are Pinegrove Capital Partners and SVB Capital based?
- Pinegrove Capital Partners is based in San Francisco, California, United States. SVB Capital is based in San Francisco, California, United States.
- Who are the decision-makers at Pinegrove Capital Partners?
- Fundz holds 1 contact at Pinegrove Capital Partners. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Pinegrove Capital Partners, and when
When Pinegrove Capital Partners changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Pinegrove Capital Partners raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pinegrove Capital Partners, from your own LinkedIn network
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Related People
Frequently asked
Who acquired SVB Capital?
SVB Capital was acquired by Pinegrove Capital Partners, based in San Francisco. The deal was reported on May 3, 2024. Pinegrove Capital Partners is privately held and operates in Financial Services.
When did Pinegrove Capital Partners acquire SVB Capital?
Pinegrove Capital Partners's acquisition of SVB Capital was reported on May 3, 2024. SVB Financial Group has entered into a definitive agreement for the sale of its investment platform business, SVB Capital, to a newly created entity affiliated with Pinegrove Capital Partners. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SVB Capital do?
It is privately held, operating in Finance, and is based in San Francisco.
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