GroveStreet is structurally and culturally a performance-driven investment firm focused on our investors’ terminal returns. We are not an asset gathering company driven by AUM fees. The compensation and incentives of GroveStreet’s Partners are dependent on building a long-term sustainable business that delivers strong performance across cycles.

GroveStreet’s long-term performance orientation is underpinned by a significant personal investment by the Partners alongside every investor program. Because compensation includes a profit sharing component, GroveStreet defines success by the actual end-returns that it generates, while being sensitive to interim IRRs.

GroveStreet’s separate account model allows for a complete customization of the charter and flexible adjustments to the strategy over the life of the program. This is a differentiating factor from managers with a large number of investors or competing co-mingled fund-of-funds that may also offer separate accounts, largely identical to one another. The flexibility of our separate account structure was particularly evident when the 2008 financial crisis unfolded. We were able to decrease the investment pace for some investors, moderate investments in certain private equity sub-strategies for others and increase the pace for another investor that wished to take advantage of opportunities in the secondary market and venture capital.

Investors can build direct relationships with our private equity and venture teams based on their organizational preferences, ranging from minimal contact to development of a direct investment relationship over time with support from GroveStreet. Investors can rely wholly on our finance and reporting systems, integrate our data outputs into their systems or turn to our team for training and systems development in their own organizations.

The design of a GroveStreet custom mandate starts with the requirements of the investor. We create value through primary fund commitments, strategic secondary purchases and sales, and co-investments.

GroveStreet operates state-of-the-art accounting and reporting systems with a highly experienced in-house staff that handles many functions out-sourced at other firms to deliver superior knowledge, accuracy and access to information. These systems are fully customized to individual investor needs. Investors directly access the skills and expertise needed from any GroveStreet finance team member for ease of use and maximum expertise.

GroveStreet invests with leading IT and life science venture teams in the US, Europe and Asia, and is a reliable LP across market cycles. For example, since inception we have backed 15 General Partners through six or more funds. Many of these relationships began with first-time teams that have gone on to become premier firms in their respective markets. We are enthusiastic about technology and its transformational impact on people, companies and industries across the globe.

GroveStreet invests with buyout teams focused on the lower mid-market in the US and Europe as well as growth equity teams in Asia. We frequently back first-time funds led by teams with proven expertise in their areas of focus. Over time, we often scale with teams or facilitate direct relationships with our investors as GPs grow. We are proud to partner with teams that have the expertise to transform under-performing companies into market leaders, spot market trends ahead of the masses, and see value where others fail to identify opportunity.

We know what we are looking for in a GP, and are quick to communicate. We seek to focus our in-depth due diligence on investments likely to be completed. Once we invest, we are a stable, reliable, common sense partner.

GroveStreet provides ease, flexibility and stability. Your point of contact is solely GroveStreet unless you wish to develop a relationship with our underlying global client base. Your fund size should be driven by your opportunity, not our capital requirements. Our structure allows us to make a small commitment for one investor where it is a particular fit, or combine clients to bring substantial capital to the table.