What Does Greenspring Associates Do?

Total employees25
HeadquartersOwings Mills
Founded2000

Greenspring Associates was a global venture capital investment firm that provided a comprehensive platform for institutional and individual investors to access the venture capital asset class. Founded in 2000, the firm specialized in primary fund investments, secondary fund investments, and direct co-investments in emerging and growth-stage technology companies across various sectors. With a global presence, Greenspring aimed to deliver attractive risk-adjusted returns by identifying and partnering with top-tier venture capital managers and innovative companies. In September 2021, Greenspring Associates was acquired by StepStone Group, a global private markets investment firm, integrating Greenspring's expertise and portfolio into StepStone's broader platform.

Where Is Greenspring Associates's Headquarters?

HQ Function

The headquarters served as the central hub for global investment strategy, fund management, operations, investor relations, and administrative functions prior to its acquisition.

Notable Features:

Located in a modern office park, the headquarters likely featured collaborative workspaces and facilities designed to support a dynamic investment team.

Work Culture:

The work culture at Greenspring Associates was likely fast-paced, analytical, and collaborative, characteristic of the venture capital industry, with a strong emphasis on due diligence, market research, and building long-term relationships.

HQ Significance:

As the main office, it was the core decision-making center for Greenspring's global venture capital investment activities and housed its senior leadership.

Values Reflected in HQ: The headquarters likely aimed to reflect professionalism, innovation (through its investment focus), and a client-centric approach.

Location:

Prior to its acquisition by StepStone Group, Greenspring Associates operated with a significant global presence. Its headquarters was in Owings Mills, Maryland (USA), with key strategic offices in major venture capital centers including Palo Alto (USA), London (UK), and Beijing (China). This network of offices enabled the firm to source, execute, and manage venture capital investments across North America, Europe, and Asia, supporting its diverse range of primary, secondary, and direct investment strategies on a global scale.

Street Address:

100 Painters Mill Road, Suite 700

City:

Owings Mills

State/Province:

Maryland

Country:

USA

Where Else Does Greenspring Associates Operate Around the World?

Palo Alto, California/USA

Address: Undisclosed specific street address post-acquisition visibility. Formerly maintained an office in the Silicon Valley area.

To maintain a strong foothold in a key global innovation hub, facilitating direct deal flow, co-investment opportunities, and relationships within the West Coast venture ecosystem.

London, United Kingdom

Address: Undisclosed specific street address post-acquisition visibility. Formerly maintained an office in London.

To capitalize on the growing European venture capital market, providing local expertise and access for its global investment platform and limited partners.

Beijing, China

Address: Undisclosed specific street address post-acquisition visibility. Formerly maintained an office in Beijing.

To provide on-the-ground presence and insights into the dynamic Asian venture capital landscape, enabling access to high-growth opportunities in China and surrounding markets.

Buying Intent Signals for Greenspring Associates

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Greenspring Associates? Meet the Executive Team

As of April 2025, Greenspring Associates' leadership includes:

Ashton Newhall - Co-Founder & Managing General Partner
Jim Lim - Co-Founder & Managing General Partner
John Avirett - General Partner
Hunter Somerville - General Partner
Lindsay Redfield - General Partner, Chief Operating Officer & Chief Financial Officer

Who's Investing in Greenspring Associates?

Greenspring Associates has been backed by several prominent investors over the years, including:

Institutional Investors (e.g., Pension Funds, Endowments, Foundations)
Family Offices
High-Net-Worth Individuals
Sovereign Wealth Funds

What Leadership Changes Has Greenspring Associates Seen Recently?

Hire0
Exits0

The primary executive 'news' for Greenspring Associates in its final year of independent operation was its acquisition by StepStone Group in September 2021. This resulted in the transition of most Greenspring Associates' leadership and investment professionals to StepStone Group. There were no publicly reported major external hires or departures from Greenspring's executive team in the 12 months leading up to the acquisition, distinct from the acquisition itself.

What Technology (Tech Stack) Is Used byGreenspring Associates?

Discover the tools Greenspring Associates uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Greenspring Associates Email Formats and Examples

Prior to its acquisition by StepStone Group, Greenspring Associates likely used standard corporate email formats. Common formats for companies like Greenspring include [first_initial][last]@[domain] or [first].[last]@[domain]. Emails using the greenspringassociates.com domain are no longer active for former personnel in their Greenspring capacity.

[first_initial][last]@greenspringassociates.com (e.g., jdoe@greenspringassociates.com)

Format

anewhall@greenspringassociates.com (example format, historically)

Example

0 (Emails at greenspringassociates.com are no longer actively used by former Greenspring personnel for Greenspring-specific business since the acquisition by StepStone Group.)%

Success rate

What's the Latest News About Greenspring Associates?

StepStone GroupSeptember 15, 2021

StepStone Completes Acquisition of Greenspring Associates

StepStone Group Inc. (Nasdaq: STEP) today announced the completion of its acquisition of Greenspring Associates, a leading venture capital and growth equity solutions provider. The acquisition enhances StepStone’s capabilities in the venture capital and growth equity asset classes, adding approximately $10 billion of fee-earning assets under management and 165 employees....more

The Wall Street JournalJuly 7, 2021

StepStone to Buy Greenspring Associates for $725 Million

Private-markets investment firm StepStone Group Inc. agreed to acquire venture-capital specialist Greenspring Associates Inc. for $725 million, in a deal that would significantly expand StepStone’s presence in the venture market. The transaction consists of $185 million in cash and $540 million in StepStone equity....more

Greenspring Associates (via PR Newswire)January 27, 2020

Greenspring Associates Closes Oversubscribed Global Venture Capital Funds Totaling $1.025 Billion

Greenspring Associates announced the final closing of its latest direct and secondary venture capital investment vehicles, Greenspring Opportunities Fund VI, L.P. and Greenspring Secondaries Fund IV, L.P., with $1.025 billion in combined capital commitments. This fundraising brought Greenspring's total committed capital since inception to over $10 billion....more

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