For Immediate Release:
New Private Equity/Venture Capital Firm To Focus On Both Early Phase and Growth Businesses
LOS ANGELES/AUSTIN (October 25, 2018) – Private investment executive Phillip Sarofim and venture capitalist Brian Grigsby have joined to expand Sarofim’s investment firm PS Ventures to form Trousdale Ventures, LLC (www.trousdalevc.com), a private investment firm focusing on both private equity and venture capital opportunities. Based in Los Angeles and Austin, Trousdale Ventures will focus on funding startup and growth businesses as well as provide its portfolio companies with operational and branding support.
Trousdale Ventures launches with an initial completed investment in Good Shepherd Entertainment (http://www.goodshepherd.games/) a prolific Dutch video game publisher based in Amsterdam, Netherlands with a second office in Austin. As part of Trousdale Ventures’ investment in the video game company, the firm’s Brian Grigsby has assumed the title and role of Chief Executive Officer.
In addition to Good Shepherd Entertainment, Trousdale Ventures, LLC will retain all PS Ventures portfolio investments, including Pr3vent Medical, Ziften Technologies, Revival Motorcycles, Yellow Bird Hot Sauce, Kitu SuperCoffee, HopSkipDrive, Pavemint, EQTainment and Legacy Pioneers.
“I am extremely pleased to join with Brian Grigsby in the establishment of Trousdale Ventures, LLC. Throughout his career, Brian has demonstrated a unique ability to drive growth and innovation on behalf of portfolio companies. Trousdale Ventures is committed to creating lasting value for our companies and investors,” said Sarofim.
“In addition to building an impressive portfolio of companies for his private investment firm, Phillip Sarofim has brought operational excellence and risk mitigation to each of his investments that have helped accelerate their revenue growth. I look forward to joining together with Phillip as we expand upon his achievements with the launch of Trousdale Ventures,” said Grigsby.
About Trousdale Ventures, LLC:
Trousdale Ventures, LLC (formerly PS Ventures) is a privately-held investment firm owned and managed by partners Phillip Sarofim and Brian Grigsby with a portfolio that encompasses a variety of companies involved in technology, IT management, food manufacturing, lifestyle consumer products, entertainment and child development products. Visit Trousdale Ventures, LLC at (www.trousdalevc.com).