Apr 25, 2025 | GroveStreet, In the News
The fourth wave of AI marks a shift from digital agents to physical AI-powered robots, transforming industries through real-world automation. Following the first three AI waves of predictive AI (i.e., data analysis), generative AI (i.e., content creation), and agentic AI (i.e., taking actions), the robotics wave seeks to augment or replace humans in high-risk, labor-intensive sectors like field service, healthcare, and infrastructure.
Companies at the forefront of AI-driven robotics automation have the potential to become significant outcomes for venture investors, though they also pose new ethical and regulatory challenges as the technology scales. To learn more, read here.
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Feb 12, 2025 | GroveStreet, In the News
Emerald Lake Capital Management exits Inno-Pak, a designer, manufacturer, importer and supplier of eco-friendly packaging for prepared and takeout foods. Inno-Pak was acquired by Handgards, a Wynnchurch Capital portfolio company.
Over the course of Emerald Lake’s 5-year investment, Inno-Pak strengthened its leadership team, built out its sales organization, more than doubled its patent portfolio, greenfielded its first scaled domestic production facility and opened an additional distribution center, and completed three strategic acquisitions to expand its product offerings, geographic presence, and manufacturing capacity. GroveStreet co-invested in Inno-Pak when Emerald Lake acquired the Company as an independent sponsor in February 2020. Read more about the deal here
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Jan 17, 2025 | GroveStreet, In the News, Uncategorized
As we commence the new year, we’re excited to share several important milestones at GroveStreet.
New Client Commitments
First, on the client front we’re pleased to report one of our long-standing investors contracted a 7th investment program with GroveStreet in the fourth quarter. We are deeply honored by the vote of confidence and trust intrinsic to another client extending their collaboration with our organization. Adding to the exciting momentum from our investors, this program brings total commitments to GroveStreet in 2024 to $670 million.
Patrick Sherwood and Mario Miranda Promoted to Managing Partner
Organizationally, we’re delighted to announce that Partners Patrick Sherwood and Mario Miranda have been promoted to Managing Partners. During their time at GroveStreet, they have each made impactful contributions to our investment process, serving our clients and running our business. As Managing Partners, they will help lead GroveStreet in the years ahead. Patrick and Mario add to the character of our culture where each Partner brings distinctive talents and perspectives which equip GroveStreet to continue to pursue exceptional investment results in highly engaged collaboration with our clients.
Compelling Investment Opportunities
On the investment front, we remain excited about the opportunities in venture, lower middle market buyouts and co-investments. Deal flow is abundant, although our bar remains very high as we focus on building concentrated portfolios. The macro landscape, as is often the case, roils with cross currents mixed with favorable and challenging trends. We don’t seek to prognosticate macro markets but instead maintain a time horizon commensurate with our target segments and seek the most compelling, enduring opportunities on a bottom-up basis. This approach has served our clients well for over a quarter of a century.
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Jan 9, 2025 | GroveStreet, In the News
Benford Capital Partners exits Pasture Brands, a Better-For-You food platform focused on perimeter-of-store refrigerated products with two brands: Farmers Hen House, a leading provider of branded and private label specialty eggs, and Pillars Yogurt, a branded provider of better-for-you drinkable and plant-based yogurt. Pasture Brands was acquired by Pete & Gerry’s Organics, a leading specialty egg company.
Benford acquired Farmers Hen House in December 2021 and Pillars Yogurt in April 2024. Over the course of its 3-year investment Benford bolstered the executive team, prioritized branded revenue growth, expanded the Company’s network of suppliers, and successfully acquired and integrated Pillar Yogurt, a highly complementary brand in the dairy case. GroveStreet first became a Benford LP in 2020. Read more about the deal here.
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Jan 2, 2025 | GroveStreet, In the News, Uncategorized
The rise of AI has significantly boosted worker productivity already, allowing businesses to become more efficient as AI both enhances jobs and replaces roles. Although AI’s full integration into businesses is still unfolding, many companies facing challenges in finding workers are turning to AI and automation. These technological advances should drive economic growth while also helping to keep inflation in check.
Venture investors should monitor this trend closely as the crosscurrents of increased business efficiency and a new wave AI-native competition pose both opportunities as well as potential headwinds for legacy software portfolios.
To learn more about how AI is transforming the productivity of the American workforce, read here.
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Dec 5, 2024 | GroveStreet, In the News
GroveStreet Partner Patrick Sherwood shared thoughts on the current venture landscape and what the future portends for VC at SuperReturn Japan. GroveStreet team members are regularly in Tokyo collaborating with some of Japan’s leading institutional investors in navigating and accessing venture opportunities. To learn about GroveStreet’s insights on venture markets or our investment capabilities, click here to arrange a call with our team.
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