GROVESTREET

other names
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Adviser Profile
As of Date 05/01/2024
Adviser Type - Large advisory firm
Number of Employees 36 -2.70%
of those in investment advisory functions 8 -11.11%
Registration SEC, Approved, 5/21/2001
AUM* 6,484,561,795 -9.13%
of that, discretionary 6,293,695,850 -8.64%
Private Fund GAV* 5,688,769,256 -5.93%
Avg Account Size 140,968,735 -13.08%
SMA’s No
Private Funds 42 2
Contact Info 781 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 5B 4B 2B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count42 GAV$5,688,769,256

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Brochure Summary

Overview

GroveStreet’s principal business is building customized private equity and venture capital fund portfolios for qualified institutional investors in a separate account format. As such, GroveStreet provides investment management and supervisory services with regard to the selection, monitoring, reporting and realization of investments, principally in limited partnership interests of professionally managed private equity and venture capital funds. GroveStreet also provides investment management services with respect to co-investments in privately held operating companies. Large institutional investors who wish to delegate investment management in this specialized area and to retain the services of GroveStreet as investment manager form, for the purpose of managing the investor’s assets, a dedicated limited liability company or limited partnership vehicle (the “Programs”). The members or partners of each Program are typically a single institutional investor as the sole non- managing member or sole limited partner and an affiliate of
GroveStreet established as the managing member or general partner (the “GP Entities”). Each of the Programs are exempted from the definition of an investment company under Section 3(c)(1) or Section 3I(7) of the Investment Company Act of 1940, as amended. Investors may impose restrictions on certain securities or types of interests that may be acquired within a Program. GroveStreet was founded in 1998 as an independent investment advisory firm dedicated exclusively to managing institutional investors’ private equity portfolios based on their specific investment needs. The company is owned by the managing members. As of December 31, 2023, GroveStreet has total assets under management of $6,484,561,795, of which $6,293,695,850 is managed by GroveStreet on a discretionary basis and $190,865,945 is managed on a non-discretionary basis. Assets under management is defined as the current gross asset value of all Programs (not including prior distributions) as of December 31, 2023 plus capital committed but not yet contributed.