Partners for Growth secures $178m first close of tech private credit fund
DealStreetAsia reports investment firm Partners for Growth has held a $178 million initial closing for its technology-lending income vehicle, the PFG Income Fund.
Investor · 2 deals
Silicon Valley, OS
Every published round Partners for Growth took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Roller | Unnamed stage | Dec 2022 | $28.2m | Participant | SmartCompany (22 Dec 2023), Startup Daily, SmartCompany (10 Nov 2023), SmartCompany (10 Nov 2023), Techboard, SmartCompany (16 Dec 2022) | |
| Bridgit | Venture debt | Aug 2021 | $50m | Participant | Our Innovation Fund (21 Mar 2022), Our Innovation Fund (16 Mar 2022) |
Companies Partners for Growth has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Partners for Growth, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| PFG Income Fund | 13 Mar 2026 | $250m+ | - | Interim | Australian FinTech, itbrief.com.au |
Companies Partners for Growth has backed that another company then bought. An exit for the holding, not a deal Partners for Growth did.
| Name | Role | Sources |
|---|---|---|
| Armineh Baghoomian | Head of Europe & Co-head of Fintech | Australian FinTech |
| Jason Georgatos | President | Australian FinTech, itbrief.com.au |
| Karthi Sepulohniam | Managing Director | Australian FinTech |
Stories naming Partners for Growth. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
DealStreetAsia reports investment firm Partners for Growth has held a $178 million initial closing for its technology-lending income vehicle, the PFG Income Fund.
Partners for Growth's PFG Income Fund has held a first close on private credit for later-stage technology borrowers, with commitments exceeding A$250 million, deploying structured growth debt in Australia and globally.
Also Australian FinTech
Roundup of January 2024 funding: Futurerent, Prota Therapeutics, National Renewable Network and Getmee together secured $94.5 million across debt, equity and a government grant, with investor details for each deal.
Weekly roundup covering 14 startup raises totalling over $260 million, headlined by Synchron's $110 million round, plus Roller's shareholder liquidity payout, Partly's record New Zealand Series A, and several government grants.
Also Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup News (WA)·Startup News (WA)
Melbourne flower and gift delivery business LVLY bought by Asian e-commerce group for $35 million, founders reportedly pocketing $20 million; one co-founder joins the buyer's board, the other departs.
Bridging-loan fintech Bridgit closed a 7.7 million dollar round with OIF Ventures and Perennial Partners, following earlier venture debt, to expand its rapid loan approval technology.
Also OIF Ventures portfolio·Australian FinTech·Startup Daily·Techboard·Startup Daily
Tradeplus24 has closed a £30 million debt facility from Partners for Growth to fund its UK expansion, with Neu Capital acting as debt adviser on the transaction.
OIF's write-up of bridging-loan startup TechLend: a two-month-old lender fielding heavy loan demand, already holding $50 million in venture debt from a Silicon Valley fund, now chasing a larger facility plus equity.