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.