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Fund of Funds

GroveStreet

GroveStreet invests in other funds rather than directly in companies, from Newton, USA. It states a focus on software & internet.

Disclosed holdings
Earliest stated investment
HeadquartersNewton, USA
Stated fund size$10B+ committed since 1998

Stated investment criteria

What GroveStreet says it buys

Read from GroveStreet’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page171

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by GroveStreet to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How GroveStreet is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$7.1bn
Employees35
Private funds advised42 · $6.1bn gross
SEC adviser numberCRD 111497

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other fund of funds investors active in software & internet.