Fundraising Fox

GroveStreet

Fund of funds

Newton · Series A–Late Stage · 39 people tracked

Also known as Grove Street Advisors, Llc

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Investment thesis

GroveStreet specializes in constructing customized private equity portfolios targeting hard-to-access market segments. The firm serves a small, select group of institutional investors, applying deep industry experience, an extensive network, and a client-focused approach to meet each investor's specific needs. As an SEC-registered investment adviser operating since 1998, GroveStreet manages over $10 billion committed by investors and is supported by a team of seasoned professionals with substantial combined investing experience.

Source: firm website, verified Aug 18, 2026.

Stage
Series A–Late Stage
HQ
Newton, MA, US
Leads rounds
Follows
Instruments
Equity
Founded
1998
AUM
$7.1B
Tracked investments
4

Team · 39 people

from the firm's website
Adrian Sobradelo· Treasury Accountant
Alex MacDonald· Management Company Accountant
Ashley Hall· Systems/Treasury Manager
Brian Kelly· Senior Accountant
Chris Romero· Operations Accountant
Elizabeth Kennelly· Senior Operations Accountant
Haley Donahay· Senior Tax Associate
Jason Conroy· Operations Accountant
John Astone· Senior Operations Accountant
Kiki Brantley· Funds Coordinator
Michael Hall· Treasury Accountant
Migdaliz Forte· Treasury Manager
Peter Hersey· Senior Operations Accountant
Sarah Katz· Associate
Suzanne Chandler· Executive Assistant / Office Manager
Taylor Brennan· Finance Manager
Tyler Horton· Treasury Accountant

Investments · 4 tracked

founders shown can be your intro path
Databricks

Data and AI infrastructure platform

OpenAI

Artificial intelligence research company

SpaceX

Private spaceflight and space exploration company

Stripe

Entered the portfolio when it was known as Devpayments.

Fund performance · per public LP disclosures · 10

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
GS Partners Ventures III LLCLPs: Florida State Board of Administration201318.2%2.98x1.97x
GS Partners Buyouts II LLCLPs: Florida State Board of Administration201114.9%1.96x1.65x
Grove Street Partners Buyout II, L.P.LPs: Florida State Board of Administration201016.1%1.92x1.26x
Grove Street Partners Ventures III, L.P.LPs: Florida State Board of Administration200824.9%3.30x1.16x
GS Partners Ventures II LLCLPs: Florida State Board of Administration200820.5%3.35x2.80x
GS Partners Buyouts LLCLPs: Florida State Board of Administration200610.6%1.66x1.64x
Grove Street Partners Ventures, L.P.LPs: Florida State Board of Administration20057.2%1.56x1.56x
GS Partners Ventures LLCLPs: Florida State Board of Administration20047.2%1.56x1.56x
Grove Street Partners Ventures II, L.P.LPs: Florida State Board of Administration200224.1%4.25x2.47x
Grove Street Partners Buyout, L.P.LPs: Florida State Board of Administration200110.9%1.72x1.57x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does GroveStreet invest at?
GroveStreet invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does GroveStreet focus on?
GroveStreet focuses on AI & Machine Learning, Biotech, Cloud Computing, Sector Agnostic.
Where is GroveStreet located?
GroveStreet is headquartered in Newton, US.
Does GroveStreet lead rounds?
GroveStreet typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Bruce Ou – Private Market Investing at GroveStreet (EP.347)

Capital Allocators with Ted Seides · Bruce Ou

Images

GroveStreet photo

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