The purchase of employee and investor shares, led by Thrive Capital, will likely also see participation from Ashton Kutcher's Sound Ventures.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
The continuation fund will reportedly have its largest exposure to TikTok's parent, ByteDance, alongside Ant Group.
Pinnacle first backed the Saudi hospitality startup's $72 million Series B in 2025, when Gathern was valued at more than $267 million.
The transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
The growth-oriented investor reportedly offered stakes in companies including OpenAI and SpaceX to attract interest in the CV.
The $600 million secondary deal will reportedly comprise stakes in five technology companies, including OpenAI, while providing a new commitment to Anthropic.
The transaction reportedly valued the ChatGPT maker at the same $852 billion mark achieved during its $122 billion March primary funding round.
