Learning the Industry

A public pension fund entering venture and lower mid-market buyouts partnered with GroveStreet in an evolving relationship

GroveStreet’s Solution:

• We built access over multiple cycles to established and emerging venture managers.

• We also built a portfolio of lower mid-market buyout managers with a focus on teams raising less than $1 billion.

• We offered training and support to the in-house team as it expanded from a one-person PE team to a full-scale staff.

• As the staff grew, GroveStreet assisted with the transition of both VC and buyout relationships to the investor.

• The investor is now up-to-speed and managing its own successful LMM buyout and venture commitments with continued monitoring and active portfolio management by GroveStreet on existing commitments.

• Since 2004, GroveStreet has been entrusted with more than $900 million.