#USA #San Francisco #Venture Capital #Pinegrove #POP I

Pinegrove Opportunity Partners Raises $2.2 Billion for Inaugural Fund

SAN FRANCISCO, Jan. 22, 2026 — Pinegrove Opportunity Partners (POP), a dedicated investor in venture and growth secondaries, has successfully closed its inaugural fund, Pinegrove Opportunity Partners I (POP I), with an impressive $2.2 billion in capital commitments. This fund not only exceeded its initial target of $2 billion but also sets the record as the largest first-time venture secondaries fund to date.

POP I is focused on investing in mid-to-late-stage private technology companies. The fund provides flexible liquidity and financing solutions tailored for founders, management teams, and their investors, enabling them to address critical capital needs in a market that demands innovative liquidity solutions. This initiative is spearheaded by a seasoned team including Brian Laibow, Prateek Bhide, and Gaurav Mathur, who bring extensive experience in primary underwriting and structuring, alongside valuable connections in the venture capital industry.

Founded in 2023, POP has received substantial backing from industry giants Sequoia Heritage and Brookfield. The organization was created to function as a partner within the venture landscape, aiming to solve the liquidity challenges that have emerged as companies remain private for longer periods. The strategic role of POP is to offer customized capital solutions, which can include direct investments like company tenders, GP continuation vehicles, LP fund interests, and NAV loans. This initiative is part of the broader Pinegrove platform, which also encompasses primary venture fund investments, co-investments, and credit strategies previously known as SVB Capital.

"The venture capital landscape has shifted in the last decade, with companies remaining private longer than ever," said Brian Laibow, Managing Partner and Chief Investment Officer at POP. "This necessitates innovative capital solutions, as stakeholders need options to de-risk and diversify their investment portfolios. Our fund intends to fill the persistent gap in the market by acting as a collaborative partner that adds value rather than competes. We are fortunate to have the support of a diverse global base of limited partners and are eager to use our expertise and connections to uncover unique investment opportunities for our partners."

Thus far, POP I has successfully invested around $1 billion, maintaining a carefully curated pipeline of promising future investment opportunities that are highly proprietary in nature. This proactive approach to investment not only reinforces the fund's commitment to its investors but also positions it strategically within the rapidly evolving technological landscape.

About Pinegrove Opportunity Partners

Pinegrove Opportunity Partners is an independent investment management firm established in 2023 focused on providing investors access to mid-to-late-stage private tech firms. With backing from Sequoia Heritage and Brookfield and over $2 billion in assets under management, POP specializes in offering scalable secondary and tailored financing solutions within the venture and growth ecosystems. By utilizing unique sourcing channels, differentiated underwriting, and robust relationships within the venture capital sector, POP aims to deliver long-term value to its investors. For further details, please visit POP.Pinegrove.vc.