 |
SAN FRANCISCO, May 14, 2026 /PRNewswire/ -- Pinegrove Credit Partners, backed by Brookfield and HRTG Partners, and Temasek announced a strategic partnership focused on venture debt. The partnership will focus on supporting venture debt financing for growth-stage companies in the innovation economy.
The partnership brings together Temasek and Pinegrove to extend flexible, minimally dilutive financing solutions to growth-stage technology and life sciences companies. Pinegrove Credit Partners is the venture debt and private credit business of Pinegrove.
Temasek's partnership with Pinegrove reflects a joint view that venture debt plays a growing role in funding the next wave of innovation. As capital markets evolve and equity financing becomes increasingly selective, venture debt is playing a more important role in supporting high-quality companies seeking scale while preserving ownership and balance sheet flexibility.
Pinegrove Credit Partners provides secured loans to venture capital-backed companies, with a focus on businesses operating at the forefront of innovation, including AI and compute infrastructure, defense, space, energy, and robotics technologies, as well as enterprise software, healthcare, and life sciences.
Pinegrove maintains a long-standing relationship with Silicon Valley Bank (SVB), a division of First Citizens Bank, one of the most established institutions in venture banking. Pinegrove has worked alongside SVB's venture lending platform since 2012 and in December 2024, the parties formalized a strategic lending relationship.
Across multiple venture and credit cycles, Pinegrove Credit Partners' funds have deployed over $4.5 billion across approximately 580 loans to more than 450 growth-stage companies since inception in 2012. Since March 2025, existing fund vehicles have closed or signed term sheets on 37 loans totaling approximately $700 million in commitments.
"Pinegrove's platform is built on deep connectivity across the innovation ecosystem, including long-standing relationships with banking partners, sponsors, and company leadership teams," said Jim Ellison, Managing Partner and Head of Pinegrove Credit Partners. "This positioning drives differentiated origination and allows us to deploy capital with a high degree of selectivity."
About Pinegrove Credit Partners
Pinegrove Credit Partners is the venture debt and private credit business of Pinegrove Venture Partners ("Pinegrove"). Backed by Brookfield and HRTG Partners, and with over $12 billion of assets under management, Pinegrove operates as a diversified venture investment platform operating across the innovation economy, that includes: venture debt (Pinegrove Credit Partners), fund primaries and co-investments (Pinegrove Strategic Partners), and venture secondaries (Pinegrove Opportunity Partners). For more information on Pinegrove Credit Partners, please email info@pinegrove.vc
About Temasek
Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$434 billion (US$324b) as at 31 March 2025. Its Purpose "So Every Generation Prospers" guides it to make a difference for today's and future generations. Temasek seeks to build a resilient and forward-looking portfolio that will deliver sustainable returns over the long term. It has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington, DC outside Asia. For more information on Temasek, please visit www.temasek.com.sg
source: Pinegrove Venture Partners
獨家優惠【etnet x 環球海產】用戶專享全場95折，特價貨品更可折上折。立即使用優惠代碼【ETN1WWS】，選購五星級酒店級海鮮► 立即瀏覽
