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Partners for Growth Closes $276mm PFG Fund V

San Francisco, CA – 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.”

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”).

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30+ Year Global Strategic Partner

SVB is a leading American bank providing products, services and strategic advice for businesses at every stage. They operate as a go-to commercial bank for start-ups and established corporations, offering venture funding, private banking & wealth advising. SVB is the largest lender to technology companies globally.

SVB has built its reputation as the financial partner of the innovation economy – helping individuals, investors and the world’s most innovative companies achieve extraordinary outcomes.
PFG and SVB have maintained an official strategic partnership since the late 1980’s. We have collaborated together as co-lenders and extended each other's ability to reach new markets and provide deeper capital to high-growth companies.

PFG and SVB have provided growth debt across the U.S. & Canada, Europe, Middle East, Asia, and Latin America, where we co-manage a Venture Debt Latin America Growth Lending Fund.

IFC logo

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

PFG and IFC are strategic partners where we extend IFC’s direct venture and VC funding, collaborating on fintech and tech lending across global growth markets.

10+ Year Global Strategic Partner

Aims to be the partner of choice for the private sector in Latin America and the Caribbean. They finance projects to advance clean energy, modernize agriculture, strengthen transportation systems and expand access to financing.

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 347 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

PFG leads a joint venture with IDB Invest that provides debt capital to emerging innovative tech companies across the region via our Latin America Growth Lending Fund. The initiative brings investment expertise into LAC from top notch global players in this field.