GroveStreet
Fund of fundsNewton · 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.
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.
Team · 41 people
from the firm's website & curatedWhat they invest in
from 1 of 4 portfolio companiesAI & Machine Learning ×1Cloud Computing ×1Enterprise Software ×1
HQs:United States×2
Investments · 4 tracked
founders shown can be your intro pathRevolutionizing 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
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 IPOsSpaceXNASDAQ: SPCX
Portfolio news
latest coverage across their companiesOpenAI · openai.com · Jul 21, 2026
Fund performance · per public LP disclosures · 10
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| GS Partners Ventures III LLCLPs: Florida State Board of Administration | 2013 | — | 18.2% | 2.98x | 1.97x |
| GS Partners Buyouts II LLCLPs: Florida State Board of Administration | 2011 | — | 14.9% | 1.96x | 1.65x |
| Grove Street Partners Buyout II, L.P.LPs: Florida State Board of Administration | 2010 | — | 16.1% | 1.92x | 1.26x |
| Grove Street Partners Ventures III, L.P.LPs: Florida State Board of Administration | 2008 | — | 24.9% | 3.30x | 1.16x |
| GS Partners Ventures II LLCLPs: Florida State Board of Administration | 2008 | — | 20.5% | 3.35x | 2.80x |
| GS Partners Buyouts LLCLPs: Florida State Board of Administration | 2006 | — | 10.6% | 1.66x | 1.64x |
| Grove Street Partners Ventures, L.P.LPs: Florida State Board of Administration | 2005 | — | 7.2% | 1.56x | 1.56x |
| GS Partners Ventures LLCLPs: Florida State Board of Administration | 2004 | — | 7.2% | 1.56x | 1.56x |
| Grove Street Partners Ventures II, L.P.LPs: Florida State Board of Administration | 2002 | — | 24.1% | 4.25x | 2.47x |
| Grove Street Partners Buyout, L.P.LPs: Florida State Board of Administration | 2001 | — | 10.9% | 1.72x | 1.57x |
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 teamBruce Ou – Private Market Investing at GroveStreet (EP.347)
Capital Allocators with Ted Seides · Bruce Ou
Images
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