Silicon Valley Bank and Pinegrove Venture Partners Announce Lending Relationship
Silicon Valley Bank (SVB), a division of First Citizens Bank, has announced a strategic lending partnership with Pinegrove Venture Partners to provide venture debt financing to technology and life science companies. The collaboration aims to deploy $2.5 billion in venture debt loans over the coming years.
Pinegrove, backed by Sequoia Heritage and Brookfield Asset Management, manages assets exceeding $10 billion. The partnership builds on a decade-long relationship during which the two entities have collectively committed over $10 billion in venture debt across 550 loans. Notably, Pinegrove acquired SVB Capital, SVB's former venture capital arm, from SVB Financial Group in 2024.
Silicon Valley Bank (SVB), una divisione di First Citizens Bank, ha annunciato una partnership strategica per il prestito con Pinegrove Venture Partners per fornire finanziamenti in debito di rischio a aziende tecnologiche e nel settore delle scienze della vita. La collaborazione mira a erogare 2,5 miliardi di dollari in prestiti di debito di rischio nei prossimi anni.
Pinegrove, sostenuta da Sequoia Heritage e Brookfield Asset Management, gestisce attivi superiori a 10 miliardi di dollari. La partnership si basa su un rapporto decennale durante il quale le due entità hanno impegnato collettivamente oltre 10 miliardi di dollari in debito di rischio attraverso 550 prestiti. È importante notare che Pinegrove ha acquisito SVB Capital, il precedente braccio di capitale di rischio di SVB, dal SVB Financial Group nel 2024.
Silicon Valley Bank (SVB), una división de First Citizens Bank, ha anunciado una asociación estratégica de préstamos con Pinegrove Venture Partners para proporcionar financiamiento de deuda de riesgo a empresas de tecnología y ciencias de la vida. La colaboración tiene como objetivo desplegar 2.5 mil millones de dólares en préstamos de deuda de riesgo en los próximos años.
Pinegrove, respaldada por Sequoia Heritage y Brookfield Asset Management, gestiona activos que superan los 10 mil millones de dólares. La asociación se basa en una relación de diez años durante la cual las dos entidades han comprometido colectivamente más de 10 mil millones de dólares en deuda de riesgo a través de 550 préstamos. Cabe destacar que Pinegrove adquirió SVB Capital, el antiguo brazo de capital de riesgo de SVB, del SVB Financial Group en 2024.
실리콘밸리은행(SVB)는 퍼스트시즌즈은행의 한 부서로, 파인그로브 벤처 파트너스와 전략적 대출 파트너십을 발표하여 기술 및 생명 과학 회사에 벤처 부채 자금을 제공할 계획입니다. 이 협력의 목표는 향후 몇 년 동안 25억 달러의 벤처 부채 대출을 실행하는 것입니다.
파인그로브는 세쿼이아 헤리티지와 브룩필드 자산 관리의 지원을 받아 100억 달러 이상의 자산을 관리하고 있습니다. 이 파트너십은 지난 10년 동안 두 기관이 550개의 대출을 통해 100억 달러 이상의 벤처 부채를 공동으로 약정한 관계를 바탕으로 하고 있습니다. 특히, 파인그로브는 2024년 SVB 금융 그룹으로부터 SVB의 전 벤처 캐피탈 부문인 SVB 캐피탈을 인수했습니다.
Silicon Valley Bank (SVB), une division de First Citizens Bank, a annoncé un partenariat stratégique de prêt avec Pinegrove Venture Partners pour fournir un financement par dette de risque aux entreprises technologiques et aux sciences de la vie. La collaboration vise à déployer 2,5 milliards de dollars en prêts de dette de risque au cours des prochaines années.
Pinegrove, soutenue par Sequoia Heritage et Brookfield Asset Management, gère des actifs dépassant 10 milliards de dollars. Ce partenariat repose sur une relation de dix ans au cours de laquelle les deux entités ont collectivement engagé plus de 10 milliards de dollars en dette de risque à travers 550 prêts. Il est à noter que Pinegrove a acquis SVB Capital, l'ancienne branche de capital-risque de SVB, auprès de SVB Financial Group en 2024.
Silicon Valley Bank (SVB), eine Abteilung der First Citizens Bank, hat eine strategische Kreditpartnerschaft mit Pinegrove Venture Partners angekündigt, um Unternehmen aus den Bereichen Technologie und Lebenswissenschaften mit Risikokapitalfinanzierungen zu unterstützen. Das Ziel der Zusammenarbeit ist es, in den kommenden Jahren 2,5 Milliarden Dollar an Risikokapitalkrediten bereitzustellen.
Pinegrove, unterstützt von Sequoia Heritage und Brookfield Asset Management, verwaltet Vermögenswerte von über 10 Milliarden Dollar. Die Partnerschaft baut auf einer zehnjährigen Beziehung auf, in der die beiden Einrichtungen gemeinsam über 10 Milliarden Dollar in Risikokapital über 550 Kredite verpflichtet haben. Bemerkenswert ist, dass Pinegrove 2024 SVB Capital, die frühere Risikokapitalabteilung von SVB, von der SVB Financial Group übernommen hat.
- Strategic partnership to deploy $2.5 billion in venture debt loans
- Proven track record with $10 billion in previous venture debt commitments
- Expanded lending capacity for technology and life science companies
- Partnership with established player managing $10+ billion in assets
- None.
Insights
Silicon Valley Bank's strategic lending partnership with Pinegrove Venture Partners represents a significant expansion of First Citizens Bank's venture debt capabilities, with plans to deploy
This partnership leverages a decade-long relationship that has already produced impressive results, with over
For First Citizens Bank, this arrangement potentially generates multiple revenue streams: interest income from the venture debt, origination fees, and strengthened banking relationships with high-growth companies that may need additional services as they scale. The venture debt market serves a critical function in the innovation economy by providing capital that complements equity financing without the same level of dilution.
The
Relationship will extend availability of venture debt to technology and life science companies nationwide
Backed by Sequoia Heritage and Brookfield Asset Management, Pinegrove is a venture investment platform with combined assets under management of greater than
"This marks a reunion for two teams that have worked together for many years with a common goal – to support the innovation economy," said Marc Cadieux, President of SVB. "SVB and Pinegrove understand the needs of innovation economy clients and together we can provide expanded access to financing solutions that will help them succeed and scale. Given our shared history, we have a great head start on a successful relationship."
"The Pinegrove team has been working with SVB for over a decade to develop creative and innovative venture debt financing solutions. The result has been highly differentiated and flexible offerings that meet the financing needs of companies and venture investors. We couldn't be more thrilled about this continued collaboration, and we are excited for the next decade of working with the leading bank in the innovation economy," said Jim Ellison, Managing Partner and Head of Private Credit at Pinegrove.
Pinegrove has maintained a trusted relationship with SVB for over a decade, collectively committing more than
About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world's most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout
About Pinegrove Venture Partners
Pinegrove Venture Partners operates as a powerful venture investment platform that provides solutions to meet the unique needs of fund managers, founders, and limited partners in the innovation economy.
For 25 years, Pinegrove has been a premier investment and strategic partner for institutional investors seeking access to leading opportunities in the venture ecosystem. With the support and sponsorship of Brookfield and Sequoia Heritage and combined assets under management of greater than
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SOURCE Silicon Valley Bank
FAQ
How much venture debt will SVB and Pinegrove Venture Partners deploy through their new partnership?
What is the track record of SVB and Pinegrove's previous lending collaboration?
When did Pinegrove acquire SVB Capital from SVB Financial Group?
What is the total assets under management of Pinegrove Venture Partners?
