"Cofounders Bruce and Douglas Dunnan acknowledge their great grandfather Arthur Baldwin and his brother Leonard when asked about the idea behind The Grosvenor Funds. After the turn of the 20th century the Baldwins moved to New York City and began a lifelong relationship of working together. Eventually they created the Grosvenor Corporation, an investment company that held The Grosvenor Hotel in New York City as its primary asset. The Grosvenor Corporation remained in existence as a holding company until the 1980s.
"With respective backgrounds in public and private equity, Bruce and Doug recognized the growing opportunity for private equity deals in the early 1990s. They also sought ways to leverage their expertise in a venture where they could work together. In 1994 they formed the first Grosvenor Fund as an investment partnership focused on the private markets. C. Bowdoin Train joined Grosvenor as the third managing partner in 1995 to help expand both the focus and the reach of the venture. Bowdy enjoyed a long-standing friendship with Bruce and Doug and had spent much of his career working with entrepreneurs to help them achieve their aspirations." 
Accessed November 2007: 
- Bruce B. Dunnan
- Douglas M. Dunnan
- C. Bowdoin Train
- Oak Strawbridge, Principal
- Heather L. Humphrey, Office Administrator