Understanding Greenspring Associates Business Model and Operations

Author

Posted Nov 9, 2024

Reads 12.7K

Modern office building with lights in windows at night
Credit: pexels.com, Modern office building with lights in windows at night

Greenspring Associates is a leading private equity investment firm that has been around since 1993. They have a team of over 50 professionals with a combined 200 years of experience in the industry.

Their investment strategy is focused on partnering with talented entrepreneurs and management teams to build and grow successful companies. This approach has allowed them to achieve a strong track record of returns.

One of the key factors contributing to their success is their ability to invest in a wide range of sectors, from technology to healthcare. This diversification has helped them navigate different market conditions and maintain a stable performance.

News and Acquisitions

Greenspring Associates has been acquired by StepStone Group Inc. in a $725 million deal. The acquisition is a significant milestone for the company.

The deal is worth $725 million, consisting of $185 million in cash and $540 million in stock and partnership units. The acquisition will bring Greenspring under a publicly-traded company.

Credit: youtube.com, Unleashing Innovation: Adair Newhall's Venture Capital Journey at Greenspring Associates

StepStone Co-CEO Scott Hart said they're thrilled to add Greenspring to their private markets platform. He believes the two companies will be complementary in their venture capital and growth equity capabilities.

The combined company will have over 70 investment professionals in venture capital and growth equity, and a total private equity team of 130 people. It will also have 20 offices across the globe.

Greenspring's managing general partners, Ashton Newhall and Jim Lim, will be joining StepStone along with the rest of the team. The full Greenspring team will be joining StepStone with no disruption to limited partners or the investment engine.

Greenspring was founded in 2000 and has over $17 billion in assets under management. The company makes investments both directly into companies and funds managed by others.

The deal is expected to close by the end of the calendar year.

Technology and Operations

Greenspring Associates uses a range of technology products and services to manage their operations.

Credit: youtube.com, 5th Annual Greenspring Associates CIO Tech Day

They utilize Preqin for accounting and finance, which helps them streamline their financial processes. MariaDB is another key technology product used by Greenspring, serving as their database.

Greenspring's tech stack also includes NetSuite for e-commerce, Oracle for enterprise solutions, and Nginx for web servers. They also leverage Yoast SEO Premium for search engine optimization.

Here's a breakdown of some of the key technology products used by Greenspring Associates:

  • Preqin: Accounting and Finance
  • MariaDB: Database
  • NetSuite: E-commerce
  • Oracle: Enterprise
  • Nginx: Web Servers
  • Yoast SEO Premium: Search Engines

Tech Stack

Greenspring Associates uses a robust tech stack to power their operations. Their technology products and services include Preqin, MariaDB, NetSuite, Oracle, Lodash, jQuery, Yoast SEO Premium, and Nginx.

Preqin is used for accounting and finance, while MariaDB serves as their database. NetSuite is an e-commerce platform that Greenspring Associates relies on.

Here's a breakdown of their tech stack:

  • Accounting and Finance: Preqin
  • Database: MariaDB
  • E-commerce: NetSuite
  • Enterprise: Oracle
  • Javascript Libraries: Lodash, jQuery
  • Search Engines: Yoast SEO Premium
  • Web Servers: Nginx

If you're looking for alternatives to some of these tools, you can compare them to other options like LeadIQ, Zoominfo, Apollo, Lusha, Cognism, Seamless.ai, Usergems, and Champify.

Email Address Formats

Credit: youtube.com, What Is An Email Address Example?

Email addresses come in various formats, but most follow a standard pattern.

The most common format is the local part followed by the @ symbol and the domain name, such as [email protected].

The local part can be the user's name or a combination of letters and numbers.

Some email addresses use a country code top-level domain (ccTLD), like [email protected].

Email addresses can also have a subdomain, like [email protected].

Leadership and Funding

Greenspring Associates has a diverse leadership team, with multiple individuals holding key positions. The company's leadership team includes C. A., Chief Compliance Officer and Counsel, T. O., President and Chief Executive Officer, and A. N., General Partner and Co-Founder.

The company's ownership structure is also noteworthy, with D. G. serving as an Owner. This suggests a level of autonomy and control within the organization.

Here is a list of Greenspring Associates' leadership team:

  • C. A., Chief Compliance Officer and Counsel
  • T. O., President and Chief Executive Officer
  • A. N., General Partner and Co-Founder
  • D. G., Owner
  • H. M., Vice President

Company Leadership

Greenspring Associates' leadership team is comprised of experienced professionals who have made significant contributions to the company's growth and success.

Credit: youtube.com, Simon Sinek’s guide to leadership | MotivationArk

Christopher Ancona, the Chief Compliance Officer and Counsel, joined the company in 2019 with a strong background in compliance and law, having worked with prominent firms such as PricewaterhouseCoopers and The Baupost Group.

Eric Thompson, the President and Chief Executive Officer, has been with the company since 2007 and has held various leadership roles, including Chief Financial Officer and Chief Operating Officer.

Mike Thompson, the Chief People Officer, brings a unique perspective to the company, having served in the United States Army for over 27 years and later working as a Partner in the McChrystal Group Leadership and Management consulting firm.

A. N., the General Partner and Co-Founder, has played a crucial role in shaping the company's direction and strategy.

D. G., the Owner, is the founder of Greenspring Associates and has been instrumental in guiding the company's vision and mission.

Here is a list of the company's leadership team:

  • Christopher Ancona, Chief Compliance Officer and Counsel
  • Eric Thompson, President and Chief Executive Officer
  • A. N., General Partner and Co-Founder
  • D. G., Owner
  • H. M., Vice President

Funding & Financials

Greenspring Associates has received funding from various sources, with revenue in the range of $10M to $50M. This financial backing has likely played a significant role in the company's ability to operate and grow.

Greenspring Associates's revenue is in the range of $10M to $50M.

Frequently Asked Questions

When did StepStone acquire Greenspring?

StepStone Group Inc. acquired Greenspring in 2021. The acquisition was announced on September 20, 2021.

Colleen Boyer

Lead Assigning Editor

Colleen Boyer is a seasoned Assigning Editor with a keen eye for compelling storytelling. With a background in journalism and a passion for complex ideas, she has built a reputation for overseeing high-quality content across a range of subjects. Her expertise spans the realm of finance, with a particular focus on Investment Theory.