Monitoring and Value Addition

Grove Street aims to build a peer-to-peer relationship with fund managers and work closely with them between fund cycles. GSA's partners will take advisory board seats in cases where we have made a large commitment or with new teams where we can add value. Day to day interactions include discussions of performance, underlying investments, deal flow, personnel issues, and compliance with agreements and stated strategy. Monitoring includes attending annual meetings and participating on the advisory boards of the funds. However, most important are the on-going, off-cycle informal meetings, during which in-depth conversations and reviews take place.

Grove Street can add value beyond the scope of the typical institutional investor, including deal flow, assistance with staffing strategies, insight into the market and industry trends, and referral to other potential limited partners for the fund in cases where GSA's introduction would be useful. In those rare circumstances of a major restructuring or a stressful team transition within an organization, GSA's partners' operating experience is particularly helpful in playing lead roles in negotiations.