Partners for Growth has closed its fifth fund at $276 million. PFG focuses on financing growth businesses in the tech and life sciences sectors.
SAN FRANCISCO–(BUSINESS WIRE)–Partners for Growth (“PFG”), a leading custom debt firm focused on financing growth businesses, announced the final closing of Partners for Growth V, L.P. (“Fund V”), with $276 million in capital from new and existing limited partners, and longtime strategic partner, Silicon Valley Bank. PFG’s investment strategy focuses on secured lending solutions to high growth revenue stage companies across the technology and life sciences sectors globally.
Since the initial close in April 2017, Partners for Growth has completed 11 loans in Fund V, supporting growth businesses across the U.S., Canada, and Australia.
Established as Partners for Growth in 2004, the firm’s investment strategy dates to the mid 1980s when the co-founding partners managed the lending practice of technology investment bank Hambrecht & Quist, purchased by JPMorgan Chase in 1999. The PFG team targets loans ranging from $1–15 million to revenue stage growth companies leveraging decades of experience gained in structuring tailored debt facilities to support growth and expansion, working capital, and acquisition financing needs for over 200 portfolio companies since the inception of the strategy.
“We are excited to welcome both existing and new investors into Fund V,” said co-founding partner Andrew Kahn. “We would like to thank all of our investors for their ongoing trust and support of our growing global lending practice.”
For more information on PFG, please see www.pfgrowth.com. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities, including without limitation, securities of Partners for Growth V, L.P. (“Fund V”), or other entity associated with Partners for Growth (“PFG”).