{"id":95764,"date":"2026-09-11T06:07:15","date_gmt":"2026-09-11T10:07:15","guid":{"rendered":"https:\/\/hedgeco.net\/news\/09\/2026\/pinegrove-closed-an-oversubscribed-1-5-billion-strategic-investors-fund-xii.html"},"modified":"2026-09-11T06:07:15","modified_gmt":"2026-09-11T10:07:15","slug":"pinegrove-closed-an-oversubscribed-1-5-billion-strategic-investors-fund-xii","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2026\/pinegrove-closed-an-oversubscribed-1-5-billion-strategic-investors-fund-xii.html","title":{"rendered":"Pinegrove Closed an Oversubscribed $1.5 Billion Strategic Investors Fund XII:"},"content":{"rendered":"

\"Pinegrove<\/p>\n

HedgeCo.Net \u2014 Pinegrove Venture Partners said on September 10 it held a final close of Strategic Investors Fund XII at $1.5 billion across Early and Scale strategies and described the raise as significantly oversubscribed. The Wall Street Journal Pro Venture Capital independently framed the close as Pinegrove\u2019s first fund-of-funds since absorbing SVB Capital, noting the SIF program\u2019s more-than-26-year history and dating its report September 10 at 3:59 p.m. ET. Early targets early-stage managers; Scale targets expansion-stage managers plus selective co-investments in a three-year vintage across AI, infrastructure, enterprise software, healthcare, life sciences, and defense.<\/p>\n

Pinegrove cited a platform of more than $15 billion AUM across primaries and co-invest, credit, and secondaries, backed by HRTG Partners and Brookfield Asset Management. Florida State Board of Administration Head of Private Equity John Bradley said the SBA anchored SIF XII; Aaron Gershenberg is Managing Partner.<\/p>\n

This is a final FoF close, not a direct company financing. Mark the $1.5 billion oversubscribed close, Early\/Scale sleeve design, >$15 billion platform AUM, Brookfield\/HRTG backing, and Florida SBA anchor comment as announced. Do not invent LP roster beyond the named anchor quote, a hard cap above $1.5 billion, or DPI\/TVPI. The allocator object is institutional venture fund-of-funds capacity rebuilt on the former SVB Capital franchise.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 Pinegrove Venture Partners said on September 10 it held a final close of Strategic Investors Fund XII at $1.5 billion across Early and Scale strategies and described \u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16286],"tags":[18314,19422,19425,19423,19424],"class_list":["post-95764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture-capital","tag-brookfield","tag-pinegrove","tag-strategic-investors-fund-xii","tag-svb-capital","tag-venture-fund-of-funds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95764"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95763"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}