Pinegrove Closes First Venture Fund-of-Funds Since Absorbing SVB Capital
Friday, September 11, 2026 · first reported by WSJ and 2 others
Pinegrove Venture Partners closes Strategic Investors Fund XII at $1.5B (significantly oversubscribed) across Early and Scale sleeves targeting early-stage and expansion-stage managers in AI, infrastructure, enterprise software, healthcare, life sciences, defense; Florida SBA anchors; platform AUM >$15B backed by HRTG/Brookfield.
- Firm
- Pinegrove
- Also named
- SVB Capital
- Size
- $1.5B
- Stage
- Final close
- Asset class
- Venture
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
3 sourcesMore in Venture capital
From the same day- Frazier Life Sciences nets $1.1B in long-running fund aimed at small, midsize biotechsFierce Biotech +1
- Luma closes $410m debut life-sciences fund after scoring $1.55bn first exitAltAssets
- Warburg Pincus on the cusp of wrapping up its 15th flagship growth fundBuyouts Insider
- Galen Weston Jr. commits $180-million more to venture capital through privately held Wittington VenturesThe Globe and Mail
- SEC Charges Adit Ventures Management, its CEO and Affiliated General Partners for Alleged FraudJD Supra
- NKU launches venture capital fund, makes first investment in local startupThe Business Journals