Form D · Other Investment Fund

Grove Funding I Inc.

Chicago, IL · CIK 0001944985

Offering snapshot reported Sep 29, 2023 · SEC filing

Reported sold: $400M
Investors reported: 1
Minimum accepted: $0
First sale: Aug 19, 2022

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$200,000,000 → $400,000,000

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 29, 2023	Amendment	$400,000,000	$200,000,000vs Sep 1, 2022	1	SEC filing
Sep 1, 2022	Initial	$200,000,000	No comparison	1	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-457640

Source: Form D, filed Sep 29, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

GROVE FUNDING I INC.

Investment adviser: NEUBERGER BERMAN INVESTMENT ADVISERS LLC

Gross asset value: $168M
Beneficial owners: 1
ADV minimum commitment: $0

Reported in Form ADV on Jan 11, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator U.S. BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. GRAND CAYMAN, Cayman Islands

Custodian U.S. BANK NATIONAL ASSOCIATION ST. PAUL, Minnesota, United States Related to adviser: No

Marketer NEUBERGER BERMAN BD LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 1655

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

NEUBERGER BERMAN BD LLC
CRD 2908 · SEC 801-3908

Filing source

Form ADV 1806850 · Jan 11, 2024 · Schedule D 7.B.(1), fund 805-2030548795

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Grove Funding I Inc. (this fund)	Sep 29, 2023	$400,000,000	1
Grove Funding II Inc.	Dec 5, 2022	$500,000,000	1
Grove Funding III Inc.	Dec 7, 2023	$50,000,000	1
Grove Funding IV LP	Jun 25, 2026	$940,000,000	5
GROVE FUNDING V INC.	Dec 4, 2025	Yet to sell	0
Grove Funding VI LLC	Aug 25, 2026	$2,040,816,326	2

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Dennis Ainger	Executive
Russell Gao	Director
Dimitry Gasinsky	Director, Executive
Jeffrey Mauro	Director
Dan Mogelnicki	Director
John Morriss	Director, Executive
N/A Neuberger Berman Investment Advisers Llc	Executive, Promoter
Stephen Zacny	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

190 South Lasalle Street Suite 2400
Chicago, IL, 60603