GROVE STREET ADVISORS ANNOUNCES $600M IN NEW COMMITMENTS
Wellesley, MA – January 11, 2016 – Grove Street Advisors, a private equity fund investor with $5.3 billion in assets under management, announced today it recently closed three new investment programs totaling approximately $600 million. The commitments include follow-on vehicles for two existing clients and a new program for a public pension.
“We are pleased to launch these new programs as we continue to work closely with our clients to extend their reach and exposure to funds that are otherwise difficult for them to invest in directly, including both top tier brands as well as newer and spin-out teams,” said Frank Angella, a Managing Partner of Grove Street Advisors. “These new programs highlight the appeal of our customized separate account structure and demonstrate the success of our firm’s long-tenured management team, strategy and relationships with general partners.”
Each new program will be customized to the client’s specific objectives, but overall will target GSA’s focus segments of early stage venture capital, growth equity, smaller buyouts and operational turnaround funds.”
About Grove Street Advisors:
Grove Street Advisors was founded in 1998 as a private equity investment organization exclusively focused on building and managing customized separate accounts for institutional and large family office clients. The firm invests globally in all segments of private equity and is particularly focused on lower middle-market buyout, growth equity and venture capital. The majority of the Partners at Grove Street Advisors have worked together for 14 years and previously accumulated extensive operating experience across the full range of private equity, including positions at the portfolio company level, leading direct investments and building private equity organizations and investment strategies.