Israeli venture capital firm Groves leaving CalPERS

“In a blow to Israeli venture capital… Grove Street Advisors will no longer manage investment for California Public Employees Retirement System (CalPERS). Grove Street managing partner Clinton (Clint) P. Harris is considered one of the main and most highly regarded gatekeepers of Israel’s venture capital industry. Centinela Capital Partners and Oak Hill Investment Management LP will take over the CalPERS account. Since 1998, through Grove Street Advisors, CalPERS has invested $70 million in Israeli venture capital funds and an additional $60 million in direct investments, making it the largest single investor in Israeli venture capital.”.