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San FranciscoMay 14, 2026 /PRNewswire/ — Pinegrove Credit Partners, backed by Brookfield and HRTG Partners, announced a strategic partnership with Temasek, with a primary focus on the venture debt space. The collaboration between the two parties will prioritize providing venture debt financing support to growth-stage companies in the innovation economy.
This partnership integrates the resources of Temasek and Pinegrove, aiming to offer flexible financing solutions with minimal equity dilution for growth-stage technology and life sciences companies. Pinegrove Credit Partners, a subsidiary of Pinegrove, specializes in venture debt and private credit businesses.
The collaboration between Temasek and Pinegrove reflects a shared assessment that venture debt is playing an increasingly important role in driving a new wave of innovation financing. As capital markets evolve and equity financing becomes more selective, venture debt is taking on a more critical role in supporting high-quality companies as they scale, while preserving ownership and balance sheet flexibility.
Pinegrove Credit Partners provides secured loans to venture capital-backed technology companies, with a focus on enterprises at the forefront of innovation, spanning AI and computing infrastructure, defense, space, energy, and robotics, as well as enterprise software, healthcare, and life sciences.
Pinegrove maintains a long-standing partnership with Silicon Valley Bank (SVB), a bank under First Citizens Bank and one of the most established institutions in the venture banking space. Since 2012, Pinegrove has collaborated with SVB’s venture lending platform, and formally established a strategic lending relationship in December 2024.
Since its founding in 2012, Pinegrove Credit Partners has navigated multiple venture and credit cycles, with its affiliated funds deploying over $4.5 billion across approximately 580 loans to more than 450 growth-stage companies. As of March 2025, the existing fund vehicle has signed or finalized term sheets for a total of 37 loans, with committed capital of approximately $700 million.
Jim Ellison, Managing Partner and Head of Pinegrove Credit Partners, stated: “Pinegrove’s platform is built on deep connectivity within the innovation ecosystem, including long-term relationships with banking partners, fund sponsors, and corporate leadership teams. This positioning gives us a differentiated sourcing advantage and enables us to allocate capital with a high degree of prudence and selectivity.”