Partners For Growth Closes $325 Million Fund VI

By Amit Chowdhry ● May 3, 2020
  • Leading specialty lending firm Partners for Growth announced the final closing of Partners for Growth VI, L.P. (Fund VI) with $325 million in capital

Leading specialty lending firm Partners for Growth, a venture firm focused on emerging growth companies, announced the final closing of Partners for Growth VI, L.P. (Fund VI) with $325 million in capital from new and existing limited partners. And Fund VI will provide secured lending solutions to high growth revenue stage companies across the technology and life sciences sectors globally, a strategy consistent with predecessor PFG Funds.

The firm’s investment strategy dates back to the mid-1980s when PFG’s co-founding partners Don Campbell and Andrew Kahn managed the lending practice of technology investment bank Hambrecht & Quist (purchased by JPMorgan Chase in 1999). And the PFG team has decades of experience working together to structure debt facilities tailored to support the growth and expansion, working capital, and acquisition financing needs for over 200 portfolio companies since launching.

Partners for Growth Fund VI has already supported emerging growth businesses in the U.S. and Australia since the initial close in late 2019. And it will continue to invest in attractive technology markets globally over the coming five years.

“We are grateful for the continued strong support from our existing Endowment and Foundation investors and are pleased to have the opportunity to welcome new domestic and international partners into Fund VI,” said PFG co-founder and CEO Andrew Kahn. “We would like to thank all of our investors for their ongoing trust and support of our global lending practice.”