GroveStreet has been entrusted with $8.5 billion of commitments by 13 clients from across the globe through 34 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.
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.
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.
GroveStreet created to provide pioneering customized separate accounts
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
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.
Mark Zuckerberg enrolls at Harvard
Human genome mapping is complete
GroveStreet builds customized separate account for its first European client
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
GroveStreet remains steadfast in venture as other institutional investors depart
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
Quantitative easing creates wall of liquidity
Satoshi Nakamoto launches Bitcoin
Dr. Josh Lerner, Professor at Harvard Business School, becomes a senior advisor to GroveStreet.
30th customized portfolio for 12th client
“Unicorn” coined for the many privately held tech companies valued at $1B+
GroveStreet distributes in excess of $5B since inception to its clients
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.
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