GroveStreet
Fund of fundsNewton · Series A–Late Stage · 39 people tracked
Also known as Grove Street Advisors, Llc
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.
Team · 39 people
from the firm's websiteInvestments · 4 tracked
founders shown can be your intro pathData and AI infrastructure platform
Artificial intelligence research company
Private spaceflight and space exploration company
Entered the portfolio when it was known as Devpayments.
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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