Sep 10, 2024 | GroveStreet, In the News, Uncategorized
GroveStreet Partner, John Merrill, speaks at IPEM Paris 2024 on the evolving opportunities in lower mid-market buyouts. In an era of higher rates with a crowded field of GPs and high levels of dry powder, Merrill expressed a preference for specialist managers and stressed the importance of partnering with GPs with demonstrated expertise in value creation through operational improvements, a core, long-standing tenet of GroveStreet’s investment approach in buyouts. The panel included Claire Ngo from Temasek and Josh Blaine from Blackstone and was hosted by CAIA’s Laura Merlini.
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Aug 8, 2024 | GroveStreet, In the News, Uncategorized
As big tech companies compete to get ahead in AI, they’re snapping up opportunities in the start-up ecosystem. Wary of regulatory scrutiny and potential hurdles, tech giants are turning to transactions that secure the technology and the people from start-ups but leave behind the companies themselves. Venture investors should monitor this trend closely. There’s liquidity to be sure, but some argue that the deal structure jeopardizes alignment among investors and founders. Read more here about these transactions and Google’s recent deal with Character.AI, an underlying GroveStreet portfolio company.
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Jul 24, 2024 | GroveStreet, In the News, Uncategorized
Evaluating the efficacy of teams is key to successful venture and buyout investing. Understanding a manager’s strategic edge, track record, their deal flow, their ability to execute transactions and ultimately add value are all essential to identifying the right investment partners. But ultimately, it’s all about the team. We look for the right mix of experience and skills, drive, intellectual curiosity, deal savvy, complementary skills, trust, and team chemistry.
At GroveStreet, we actively seek to nurture in our own team the attributes we look for in managers. Sometimes that includes making time for fun, like an afternoon cruise in Boston Harbor. It was great to have Clint Harris, one of our founders, join the outing. Learn more about the GroveStreet Team.
Jun 25, 2024 | GroveStreet, In the News
10 X Capital host David Weisburd interviews GroveStreet’s John Merrill. The two discuss GroveStreet’s singular focus on investing in venture capital and lower middle market buyouts via separately managed accounts for a small group of highly sophisticated clients. John describes the Firm’s founding principles of asset class focus, rigorous selectivity, true customization and tight alignment with clients. David and John explore the problems that GroveStreet solves for clients – access, pattern recognition, time, and deal flow. Listen to the episode here or wherever you get your podcasts.
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Jun 5, 2024 | GroveStreet, In the News
GroveStreet’s John Merrill joins global LPs and GPs at SuperReturn International in Berlin. One of the private equity industry’s largest gatherings, SuperReturn International afforded ample opportunities to connect with leading investors and catch up with existing and prospective GPs. The breadth and depth of the private equity ecosystem was on full display at SuperReturn and served as a reminder of the role GroveStreet can play in navigating the increasingly crowded and highly commercial private equity ecosystem. For more on SuperReturn International click here.
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May 16, 2024 | GroveStreet, In the News
GroveStreet’s venture investing activities have long included exposure to Europe. The ecosystem of opportunities in Europe is vibrant and evolving, including in deeptech. Among the GP profiles we tend to favor are those with deep technical expertise, including groups formed by company builders turned investors. Plural is an example of such a firm that we recently backed that is actively involved in deeptech. Read more about this talented team and some of the opportunities they are pursing here.
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