The fintech closed a $694.2 million tender offer in April, which provided liquidity to employees at a $65 billion valuation.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
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 deal takes liquidity generated for employees and investors to roughly $220 million in just over a year.
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.
The Mumbai-based PE firm reportedly acquired a 2–3% stake from early investors, employees, and some founder-owned entities in the ad tech company.
The latest mark represents an almost 50% jump from the payment processing platform's $107 billion valuation five months earlier.
The reported valuation exceeds the roughly $107 billion level that the online payments platform reached just five months ago.
