About Us
GroveStreet has been entrusted with over $10 billion of commitments by 14 investors from across the globe through 45+ separate accounts since inception of the firm in 1998. We are a reliable, informed and results-oriented partner to our investors and to the teams with whom we invest.
Investor 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 investors as an extension of their own staff in these challenging segments of private equity.
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.
Our History
World Event
Pioneering Ideas
MilestonesGoogle founded
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
Telecommunications industry melts down and giants like Forstmann Little fall
Mark Zuckerberg enrolls at Harvard
Human genome mapping is complete
GroveStreet builds customized separate account for its first European investor
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 investor
GroveStreet builds customized separate account for its first Asian investor
AWS launched
GroveStreet remains steadfast in venture as other institutional investors depart
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
Quantitative easing creates wall of liquidity
Satoshi Nakamoto launches Bitcoin
Dr. Josh Lerner, Professor at Harvard Business School, becomes a senior advisor to GroveStreet.
SpaceX enters GroveStreet’s portfolio (Series D round)
Stripe (then known as Devpayments) enters GroveStreet’s portfolio
30th customized portfolio for 12th investor
“Unicorn” coined for the many privately held tech companies valued at $1B+
Databricks enters GroveStreet’s portfolio (Series A round)
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 adds buyout co-investment strategy
GroveStreet celebrates its 20th anniversary
GroveStreet proves the test of time: full customization and alignment, high service to limited number of investors at scale, willingness to back new managers, exposure to life sciences, operationally oriented buyouts.
GroveStreet launches biotech separate account with customized financial and societal measures.
DeepMind’s AlphaFold demonstrates the ability to predict the shape of proteins to within the width of an atom, a major breakthrough for scientists in designing drugs and understanding disease
SpaceX becomes the first private company to send astronauts to the International Space Station
GroveStreet has its best year ever for distributions to investors.
OpenAI enters GroveStreet’s portfolio
GroveStreet records first exit of a co-investment, proving the value of the strategy to investors
The US Federal Reserve begins raising interest rates to tame inflation, bringing an end to the era of free money. Public and private markets adjust.
OpenAI releases ChatGPT and gains more than 100 million users to become the fastest-growing consumer application in history.
NVIDIA surpasses Apple to become the most valuable publicly traded company in the world
GroveStreet celebrates 25th anniversary.
GroveStreet closes fifteenth co-investment since inception (and our third of 2025)
GroveStreet celebrates 25 years of investing with European GPs
GroveStreet celebrates the creation of its 50th separately managed account since inception of the firm in 1998; a business model to which we have remained dedicated throughout our history