About Us

GroveStreet has been entrusted with $8.7 billion of commitments by 13 clients from across the globe through 35 separate accounts since inception of the firm in 1998. We are a reliable, informed and results-oriented partner to our clients and to the teams with whom we invest.

Client Philosophy

Most large institutional investors recognize the benefits of lower mid-market buyouts and venture capital, yet the skills, agility and capacity required to access, evaluate and monitor the best of these highly oversubscribed teams can create implementation challenges. We built GroveStreet to execute an investment strategy in close alignment with our clients as an extension of their own staff in these challenging segments of private equity.

Learn About Our Client Benefits

Investment Philosophy

Building successful private equity portfolios in turbulent markets requires partners that focus on creation of fundamental enterprise value. We apply a disciplined approach to diversification, balancing risk across strategies, sectors, time and geographies while never compromising on manager quality. We do not market time but do take educated, contrarian positions as a result of our focus on strategies that create sustainable earnings across cycles.

Learn About Our Investment Criteria

Our History

World Event
Pioneering Ideas
Milestones
1998

Google founded

GroveStreet created to provide pioneering customized separate accounts

1999

Jack Ma starts Alibaba

GroveStreet leads industry in willingness to back first-time buyout and venture teams

GroveStreet builds its first customized separate account for a major US public pension

GroveStreet’s first exposure to Chinese venture

2001

Telecommunications industry melts down and giants like Forstmann Little fall

Angella, Gonder and Yang join GroveStreet, establishing with Crockett the core of today’s Investment Committee.

2002

Mark Zuckerberg enrolls at Harvard

2003

Human genome mapping is complete

GroveStreet builds customized separate account for its first European client

2004

The Rise of the Mega Buyout

GroveStreet implements lower mid-market buyout strategy: steady returns across market cycles through focus on creation of fundamental enterprise value

GroveStreet builds customized separate account for its first family office client

GroveStreet builds customized separate account for its first Asian client

2006

AWS launched

GroveStreet remains steadfast in venture as other institutional investors depart

2007

Blackstone IPO

Launch of iPhone, Hadoop and GitHub – the technology foundations for mobile, cloud, big data and open source are in place

GroveStreet adheres to biotech strategy as many institutional investors depart

Ou joins GroveStreet to ultimately become a Managing Partner alongside Angella, Crockett, Gonder, Quinn and Yang

2009

Quantitative easing creates wall of liquidity

Satoshi Nakamoto launches Bitcoin

Dr. Josh Lerner, Professor at Harvard Business School, becomes a senior advisor to GroveStreet.

2012

30th customized portfolio for 12th client

2013

“Unicorn” coined for the many privately held tech companies valued at $1B+

2015

GroveStreet distributes in excess of $5B since inception to its clients

2017

Buyout prices reach all time high

Apollo raises largest buyout fund ever ($23.5B)

Softbank Vision Fund closes at $93B

Forbes asks if small buyout funds are dead.

2018

GroveStreet celebrates its 20th anniversary

GroveStreet proves the test of time: full customization and alignment, high service to limited number of clients at scale, willingness to back new managers, exposure to life sciences, operationally oriented buyouts