GroveStreet Managing Partner, Bruce Ou, spoke at the Asia Venture Capital Journal (“AVCJ”) Private Equity & Venture Forum Japan ’23. Bruce’s session tackled the topic of “Accessing Global Opportunities.” Bruce shared his assessment of the current investment environment for venture capital and lower mid-market buyout, observing that there are a lot of uncertainties in the marketplace given the cross currents in the macro landscape. On venture he commented that “the music has definitely slowed” as a result of these uncertainties but acknowledged that he harbors some concerns that “a new DJ may appear and turn up the music again.” The ‘DJ’ or potential catalyst for renewed excess is of course AI, which GroveStreet is monitoring closely.
GroveStreet Principal, Patrick Sherwood, joined other LPs and emerging GPs in a discussion on “The Evolution of the Emerging Manager” at the RFK Human Rights Compass Investors Conference. Investing in emerging managers has long been a part of GroveStreet’s approach to building private equity portfolios. Patrick outlined how GroveStreet goes about identifying and assessing talented new GPs. He also made the case for allocating to emerging managers in the current environment where there is rapid innovation in both technology and healthcare and the current macroeconomic challenges require a distinctive combination of skills and perspectives.