/Investors

GroveStreet

Fund of funds

Newton · Series A–Late Stage · 41 people tracked

Also known as Grove Street Advisors, Llc

Find your way into GroveStreet

2,874 people in our graph share verified history with the GroveStreet team — schools, employers, funds. One of them is your warm intro.

Koda Wangunlockedknows Mario Miranda · together at Rent the Runway (overlapped)
knows the team · via Binghamton University
knows the team · via Yale School of Management
×8knows the team · via McKinsey & Company
knows the team · via Rent the Runway
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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 Sep 22, 2026.

Stage
Series A–Late Stage
HQ
Newton, MA, US
Leads rounds
Follows
Instruments
Equity
Founded
1998
AUM
$7.1B
Tracked investments
4
Unicorns
2
IPOs
1

Team · 41 people

from the firm's website & curated
Adrian Sobradelo· Treasury Accountant
Alex MacDonald· Management Company Accountantin
Ashley Hall· Systems/Treasury Manager
Brian Kelly· Senior Accountant
Chris Romero· Operations Accountant
Elizabeth Kennelly· Senior Operations Accountant
Kiki Brantley· Funds Coordinator
Migdaliz Forte· Treasury Manager
Peter Hersey· Senior Operations Accountant
Sarah Katz· Associatein
Suzanne Chandler· Executive Assistant / Office Managerin
Taylor Brennan· Finance Manager
Tyler Horton· Treasury Accountant

What they invest in

from 1 of 4 portfolio companies

AI & Machine Learning ×1Cloud Computing ×1Enterprise Software ×1

HQs:United States×2

Investments · 4 tracked

founders shown can be your intro path
SpaceXspacex.comNASDAQ: SPCX

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder, CEO & Chief Engineer)inBret Johnsen(Executive Officer)inGwynne Shotwell(Executive Officer, Director)

BoardAntonio Gracias(Director)inSteve Jurvetson(Director)inDonald Harrison(Director)

Co-investors1/1 Capital137 Ventures2080 Ventures4DX Ventures7BC Venture CapitalA*+151 more

OpenAIopenai.comin𝕏

OpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.

AI & Machine LearningCloud ComputingEnterprise SoftwareSan Francisco, US

Sam Altman(Co-founder & CEO)Elon Musk(Co-founder & former Co-chair / board member)inGreg Brockman(Co-founder & President)inIlya Sutskever(Co-founder & Chief Scientist)inWojciech Zaremba(Co-founder)inJohn Schulman(Co-founder (departed 2024))

Co-investors7BC Venture CapitalA-Rod CorpA.Capital VenturesA'Z AngelsAdvent InternationalAlpha Wave Global+76 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

DatabricksStripe

Exits · 1

1 IPOs

SpaceXNASDAQ: SPCX

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 10

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
GS Partners Ventures III LLCLPs: Florida State Board of Administration2013—18.2%2.98x1.97x
GS Partners Buyouts II LLCLPs: Florida State Board of Administration2011—14.9%1.96x1.65x
Grove Street Partners Buyout II, L.P.LPs: Florida State Board of Administration2010—16.1%1.92x1.26x
Grove Street Partners Ventures III, L.P.LPs: Florida State Board of Administration2008—24.9%3.30x1.16x
GS Partners Ventures II LLCLPs: Florida State Board of Administration2008—20.5%3.35x2.80x
GS Partners Buyouts LLCLPs: Florida State Board of Administration2006—10.6%1.66x1.64x
Grove Street Partners Ventures, L.P.LPs: Florida State Board of Administration2005—7.2%1.56x1.56x
GS Partners Ventures LLCLPs: Florida State Board of Administration2004—7.2%1.56x1.56x
Grove Street Partners Ventures II, L.P.LPs: Florida State Board of Administration2002—24.1%4.25x2.47x
Grove Street Partners Buyout, L.P.LPs: Florida State Board of Administration2001—10.9%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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