Grovestreet

Grove Street Advisors, LLC, established in 1998, specializes in managing private equity and venture capital fund portfolios for institutional investors through separate accounts. The firm offers investment management services for limited partnership interests in private equity and venture capital funds, as well as co-investments in privately held companies. Grove Street caters to large institutional investors, including family offices and U.S. and international institutions, with a focus on commitments of at least $100 million. The firm, acting as an investment manager, operates dedicated limited liability companies or limited partnerships for each client Program. As of December 31, 2024, Grove Street had total assets under management of $6.66 billion, with discretionary management accounting for $6.49 billion. Fees are negotiable and typically paid quarterly in advance, exclusive of third-party costs. The firm engages in performance-based fees tied to achieving specified investment performance levels. Investment strategies involve selecting fund interests and co-investments to achieve long-term returns, with risk factors including illiquidity and market uncertainties. Grove Street emphasizes a Code of Ethics to ensure client interests are prioritized, and the firm's investment committee monitors and evaluates investments regularly. The firm does not have custody of client assets and maintains a proactive approach to cybersecurity risks. Grove Street discloses potential conflicts of interest and has policies in place to address them transparently. The firm's financial condition is stable, with no impairments affecting client commitments or fiduciary obligations.