Nov 19, 2024 | GroveStreet, In the News
GroveStreet Partner Patrick Sherwood hosted Sten Tamkivi of Plural, Sri Chandrasekar of Point72 Ventures, Kelly Chen of NATO Innovation Fund, and Matt Byington of General Catalyst for a panel discussion on investing in next generation defense opportunities. The timely topic attracted a standing room only audience and lively Q&A. Joining GroveStreet in hosting the event were Keva, Tesi, the European Investment Bank, and the European Investment Fund. SLUSH is Europe’s premier startup conference. To learn about GroveStreet’s perspective on investing in defense and dual use technologies, click here to arrange a call with the GroveStreet team.
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Nov 11, 2024 | GroveStreet, In the News
GroveStreet Partner Mario Miranda joined David Teten of Coolwater, Evan Finkel of Integra Global Advisors, and Kelly DePonte of KD Advisory for a discussion on best practices for emerging managers. The session attracted an audience of seasoned investors and emerging managers. The discussion delved into how emerging managers should approach the institutional investor community, examining what they should proactively address and what they should avoid in the fundraising process. Additionally, each presenter described how emerging managers fit within a broader portfolio strategy. To learn about GroveStreet’s philosophy and underwriting for investing in emerging managers, click here to arrange a call with the GroveStreet team.
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Oct 17, 2024 | GroveStreet, In the News
GroveStreet has been an investor in Accel since 2009. Accel’s first Growth Fund led Squarespace’s $38M Series A in 2010. Squarespace went public in May 2021 via a direct listing at a $6.6B enterprise value, at which point Accel partially realized its investment. In October 2024, Accel fully realized its interest in Squarespace when Permira acquired the Company in an all-cash take-private deal valuing the company at $7.2B, or a 36% premium over the stock’s 90-day average price. Read more about the deal here.
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Oct 16, 2024 | GroveStreet, In the News
Building on a friendship formed over the taping of a Capital Allocators episode on GroveStreet, Bruce Ou joined Ted Seides for the 2024 Private Markets Summit, which convened leading GPs and allocators in an invite-only setting to discuss evolving trends and opportunities in private equity. To learn more about GroveStreet’s views on the current private equity landscape or the opportunities we are pursuing for our investment partners, contact us here to set up a call. We’re pleased to be part of the Capital Allocators community and the broad set of resources it makes available to investors.
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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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