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Partners for Growth (PfG) provides custom debt solutions to private and public emerging growth technology and life science companies. On the technology side, PfG has been focusing on late-stage companies ($10-150 million in revenue) and customizes its financing to match the needs of the company. PfG's custom approach results in a variety of structures and terms including working capital lines of credit, term loans and convertible debt. PfG looks to share in the success of its clients by taking equity participation rights in the form of stock warrants or convertibility of its debt. Established in April 2004, PfG was formed by the former owners and managers of Hambrecht & Quist's venture lending business, which they started in 1983. Founders Don Campbell, Andrew Kahn and Lorraine Nield have over 50 years of combined experience and 20 years working together providing loans to emerging growth companies. PfG is organized as two private partnerships, Partners for Growth, LP and Partners for Growth II, LP, with over $100 million under management. SVB Financial Group (NASDAQ: SIVB), the parent company of SVB Silicon Valley Bank (see profile), is the largest limited partner in Partners for Growth. PfG is currently investing out of its third fund, Partners for Growth III, L.P. SVB Financial Group (NASDAQ: SIVB), the parent company of Silicon Valley Bank is the largest investor in Partners for Growth. PfG works closely with Silicon Valley Bank, whereby PfG provides incremental debt solutions to many of the Bank's clients.
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