02:34 PM EDT, 07/08/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) -backed Pinegrove Capital Partners is planning to raise $800 million for a new credit fund called Innovation Credit Growth Fund X, Bloomberg reported Tuesday, citing people familiar with the matter.

The fund will target net returns of 13% to 17% and prioritize senior secured venture debt and venture capital-backed firms, the report said.

Brookfield didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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