October 2010

Florida (FSBA) selects GSA for a second $200 million mandate focused on smaller and hard to access mid-sized buyout funds, including up to $50 million co-investments.

May 2010

Philippe Schenk joins from Credit Suisse as Principal.

June 2009

Dr. Josh Lerner, Jacob H. Schiff Professor of Investment Banking at Harvard Business School, joins GSA as a Senior External Advisor.

February 2009

Dr. Kiran Rao joins from Boston Consulting Group as Principal.

April 2008

Missouri (MPERS) picks GSA to manage a second mandate at $200 million diversified across all private equity segments.

February 2008

Florida (FSBA) awards GSA a second venture capital mandate of $200 million.

February 2008

Oregon (OPERF) approves a third program at $400 million to continue targeting small funds across venture and buyout.

December 2007

IFM (Australia) picks GSA for a second program of $190 million targeting U.S. venture and smaller buyouts.

May 2007

Family Office client assigns GSA a second mandate of $142 million targeting all private equity segments.

February 2007

LGPI (Finland) chooses GSA for a second U.S. venture mandate at $175 million.

January 2007

The Phoenix Insurance Company (Israel) awards GSA a $75 million diversified private equity program.  The account was later increased to $88 million.

September 2006

CalPERS awards GSA a fourth mandate of $300 million to include both venture and buyout investments.  The account was later increased to $450 million.

September 2006

Florida (FSBA) awards GSA a $150 million mandate to focus on smaller and hard to access mid-sized buyout funds.

July 2005

Missouri Department of Transportation and Highway Patrol Employees' Retirement System (MPERS) selects GSA to manage a $200 million venture and buyout mandate, including $50 million in secondaries.

July 2005

Frank Angella and Chris Yang are promoted to General Partner.

May 2005

Industry Funds Management (IFM, Australia) engages GSA to manage a $180 million portfolio targeting U.S. venture and buyout funds.

May 2005

Oregon (OPERF) approves a second program at $300 million to continue a strategy focused on smaller funds across venture and buyout.

April 2004

Florida State Board of Administration (FSBA) engages GSA to manage a venture portfolio of $75 million. The account was later increased to $200 million.

January 2004

The Local Government Pensions Institution (LGPI, Finland) nominates GSA to manage a $125 million portfolio of U.S. venture funds.

January 2004

A Family Office selects GSA to manage a $100 million portfolio targeting all segments of private equity, expanding GSA’s relationships into the private wealth segment.

August 2002

AlpInvest (Netherlands) selects GSA to manage a $100 million separate account targeting new and emerging venture funds, starting GSA’s global footprint.

August 2001

Barry Gonder joins from CalPERS as General Partner;
Chris Yang and Frank Angella join as GSA's first Principals.

June 2001

Grove Street Advisors registers with the SEC as an investment advisor under the 1940 Act.

June 2001

CalPERS approves a third mandate of $380 million to include both venture and buyout investments. The account was later increased to $500 million.

March 2001

Oregon Public Employees' Retirement Fund (OPERF) picks GSA to manage a $250 million mandate targeting smaller private equity funds across venture and buyout.

June 2000

CalPERS awards GSA a second program to manage $400 million primarily in venture capital. The account was later increased to $480 million.

June 1999

GSA's first "Turn-Key" investment is completed - the spinout of the Audax Group from Bain Capital.

April 1999

Ann St. Germain joins from E&Y as General Partner and CFO.

October 1998

California Public Employees' Retirement System (CalPERS) selects GSA to manage a $350 million separate account primarily targeting venture capital.

May 1998

Grove Street Advisors® (GSA) launched as an independent, member-owned private equity investment firm covering the full range of private equity.