Mar 11, 2024 | GroveStreet, In the News
Harren Equity Partners exits its investment in Velosio, a leader in deploying business applications through the cloud via the Microsoft Dynamics portfolio, Office 365 family and Azure services. Court Square Capital acquired Velosio for an undisclosed amount.
Harren acquired Velosio in February 2019 and more than doubled profitability during their ownership by executing on strategic initiatives such as expanding the Company’s leadership, improving reporting functionality and completing three add-on acquisitions. GroveStreet first became a Harren LP in 2007. Read more about the deal here.
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Feb 27, 2024 | GroveStreet, In the News
GroveStreet has been an investor in Foundry since 2013. One of Foundry’s early investments was Rover, a company that has grown to become the world’s largest online marketplace for pet care. Foundry led the company’s Series B valuing the company at $7M. Rover went public in August 2021 via a SPAC and was valued at $1.35B. In February of 2024 Blackstone acquired Rover in an all-cash take-private deal valuing the company at approximately $2.3B. Foundry has fully realized its investment in Rover. Read more about the deal here.
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Nov 9, 2023 | GroveStreet, In the News
GroveStreet Principal, Patrick Sherwood, joined other LPs for the keynote address at the Global Private Capital Association Investors Meeting. The panel discussed both the challenges investors face as well as the opportunities that exist in today’s environment. Patrick discussed the attributes GroveStreet looks for in GPs to be able to navigate and generate returns in the current markets. He closed the discussion by describing some of the areas the GroveStreet team is pursuing across venture capital and buyout, including the opportunities created by innovative technologies and changes to the geopolitical landscape.
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Nov 9, 2023 | GroveStreet, In the News
Mergermarket’s Chief Data Officer Giovanni Amodeo explores best practices in building private equity portfolios with GroveStreet Managing Director, John Merrill. In a broad ranging discussion, John tackles a range of questions that illuminate the attributes GroveStreet seeks in GPs. Watch the full interview here: https://ionanalytics.com/insights/mergermarket/john-merrill-senior-executive-at-grove-street-on-building-private-equity-portfolios/?utm_source=linkedin&utm_medium=social&utm_campaign=ion_analytics_influencers
Nov 8, 2023 | GroveStreet, In the News
GroveStreet moderated a panel of GPs exploring sectors of opportunity in venture capital beyond the AI frenzy. The group explored evolving investment themes in the areas of biotech, healthtech and fintech in North America as well as other innovation centers around the globe. Panelists debated whether or not there is a ‘new dawn’ for biotech or if the current period is just another stage in more of a linear evolution of the space. GroveStreet wrapped up the discussion by querying the GPs about how they might construct a venture allocation if they were in the seat of a Chief Investment Officer. Not surprisingly, the GPs were bullish on the opportunities in venture.
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Oct 31, 2023 | GroveStreet, In the News
Ted Seides of Capital Allocators interviews Managing Partner Bruce Ou. They discuss GroveStreet’s distinct qualities and edge as well as best practices in private market investing. Ted and Bruce also explore the origins of GroveStreet, when the founders saw an opportunity to partner with a select group of blue-chip investors to invest in the less efficient segments of private equity in a highly aligned way. Listen to the episode below, or wherever you get your podcasts.
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