Grove Street Advisors Raises $600M, Closes Three New Programs

Jan 11 2016 | 6:40pm ET

Private equity investor Grove Street Advisors has recently closed three new investment programs totaling approximately $600 million. 

The new commitments include follow-on vehicles for two existing clients and a new program for a public pension, the company noted in a statement. 

Each new program will be customized to the client’s specific objectives, but overall will target Grove Street’s focus segments of early stage venture capital, growth equity, smaller buyouts and operational turnaround funds.

“We are pleased to launch these new programs as we continue to work closely with our clients to extend their reach and exposure to funds that are otherwise difficult for them to invest in directly, including both top tier brands as well as newer and spin-out teams,” said Frank Angella, a managing partner of Grove Street Advisors. 

“These new programs highlight the appeal of our customized separate account structure,” he continued.

Founded in 1998 and headquartered in Wellesley, MA, Grove Street Advisors manages approximately $5.3 billion across customized separate accounts for institutional and large family office clients. The firm invests globally in all segments of private equity and is particularly focused on lower middle-market buyout, growth equity and venture capital. 

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