Pinegrove SIF XII Closes $1.5B — FoF, Not a New Series A Cheque
Pinegrove Venture Partners announced the final close of Strategic Investors Fund XII at $1.5 billion on September 10, 2026. The vehicle is fund-of-funds plus co-invest across Early and Scale sleeves. $15 billion-plus is platform AUM, not this fund. Named LP: Florida State Board of Administration.