The Sydney-based firm launched in May as an AI-focused secondaries investor, targeting opportunities through GP-led and direct secondary transactions.
The firm will reportedly pay about $350 million for a 40% interest, implying an equity valuation of roughly $875 million for the Israeli camouflage technology manufacturer.
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 deal takes liquidity generated for employees and investors to roughly $220 million in just over a year.
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.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
