CDIB Capital Group (“CDIB”) is pleased to announce that it has completed an investment in Pinegrove Opportunity Partners I LP (“POP I” or the “Fund”), the inaugural fund recently closed with US$2.2 billion in assets under management by Pinegrove Opportunity Partners (“POP”), a dedicated venture and growth secondaries firm based in Silicon Valley. The Fund invests in mid-to-late-stage private technology companies by delivering flexible liquidity and financing solutions to founders, management teams, venture firms, and their investors.
Founded in 2023 with significant strategic and financial backing from Sequoia Heritage, a globally recognized leader in venture and growth investing, and Brookfield Asset Management, one of the world’s largest alternative asset managers with over US$1T in AUM, POP was established as a partner to the venture and growth ecosystem to address growing liquidity challenges. POP helps meet this need by offering tailored capital solutions at scale, including direct investments such as company tenders, GP continuation vehicles, LP fund interests, and NAV loans.
POP operates as a dedicated strategy within the Pinegrove platform, which also includes leading venture fund primaries, co-investments, and credit strategies (formerly known as SVB Capital). The company is led by an experienced team with extensive primary underwriting and structuring expertise, as well as deep relationships across many of the world’s leading venture managers and private technology companies, enabling proprietary access to unique investment opportunities.
This investment is part of CDIB’s ongoing efforts to develop long‑term partnerships with leading Silicon Valley venture and growth investors, and to further strengthen the depth and breadth of CDIB’s VC portfolio. With the venture secondaries market continuing to mature and deepen, CDIB is confident the fund is well-positioned to offer differentiated market insights and attractive upside potential.
About Pinegrove Opportunity Partners
POP is an independent investment manager founded in 2023 to provide investors with access to leading mid-to-late-stage private technology companies. Backed by Sequoia Heritage and Brookfield and managing more than US$2B in assets, POP delivers scalable secondary and bespoke financing solutions to the venture and growth ecosystem.
POP leverages proprietary sourcing channels, differentiated underwriting, structuring expertise, and deep relationships within the venture ecosystem to deliver long-term value for its investors. To learn more, please visit Pinegrove.vc.
About CDIB Capital Group
CDIB Capital Group is a leading Asian private equity and venture capital firm with over 65 years of investing experience in Asia. The firm is a key member of KGI Financial Holding (formerly China Development Financial Holding), a listed financial holding company in Taiwan. CDIB specializes in identifying and investing in high-potential businesses across various industries through its asset management and strategic advisory platforms, with a focus on fostering long-term value creation for investors and portfolio companies. For more information, visit https://www.cdibcapitalgroup.com/en/.
Disclaimer
The statements referenced above are made by CDIB Capital Group, a current investor in Pinegrove Opportunity Partners I LP. Such statements reflect the views of CDIB Capital Group as of the date made and may not be representative of the experience of other investors. No compensation was provided by Pinegrove in connection with these statements. Investing in private funds involves significant risks, including the risk of loss of capital, and past performance or investor experience is not indicative of future results.