San Francisco-based venture secondaries firm Pinegrove Opportunity Partners has closed its debut fund at $2.2bn, marking a major milestone in the fast-growing niche of the venture capital market, according to a report by Bloomberg.
The fund will primarily invest directly in mid- to later-stage technology companies approaching profitability, providing flexible liquidity to founders, venture teams, and existing investors. A portion of the capital will also be allocated to secondary fund stakes and...
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