2019 Year in Review

On the heels of our 20th Annual Meeting last month, we are pleased to share the highlights from a milestone year for Greenspring Associates, with updates and changes happening across the Firm. Join us in looking back on 2019 as we embark on our 20th year as a comprehensive venture capital investment platform.

INVESTMENT IN PEOPLE

As always, we are honored by the trust placed in us by our Limited Partners, General Partners and portfolio companies, whose partnership allows us to finance the innovation economy. We strive to innovate within the bounds of our Firm in order to deliver the most value to our partners, and are doubling down on the key pillars of our organization, investing in people, technology and process in light of the opportunities we see ahead. Accordingly, we hired 40 new employees in 2019 across our investment, investor relations, accounting, operations, compliance, legal and administrative teams.

We are also taking active steps to foster a culture that values inclusion and mutual respect, and are proud of the fact that we are a diverse-led investment firm and that women and ethnically diverse individuals represent a significant portion of our team.

INTERNATIONAL EXPANSION

Offices in London and Beijing

Being located outside of a venture capital epicenter since our inception has ingrained a hard-won perspective about the innovation economy, which has become exponentially more distributed, both nationally and globally, and now requires many of the best practitioners in our field to venture far from Sand Hill Road to understand the dynamics afoot.  While maintaining a significant portion of the team in Baltimore, we aim to build a more globally distributed workforce with “boots on the ground” in a number of geographies where the financing of startups occurs. With that in mind, we are excited to announce that we have reopened our London office to focus on investment opportunities in Europe, with plans to open an additional office in Beijing to focus on the opportunity set in Asia.

We are also thrilled to announce a consulting relationship with Pantheon Asset, the first non-government funded VC fund-of-funds in China headquartered in Beijing with over $2.4 billion in assets  under management. This partnership will combine the two Firms’ respective investment sourcing, due diligence and monitoring capabilities to extend Greenspring's venture capital investment activities in Asia and deepen relationships with fund managers and entrepreneurs in the region. Pantheon Asset provides asset allocation and wealth management services to high-net-worth families in China, with a focus on the selection of fund management teams and fixed income, overseas real estate and global private equity assets. Founded 2010 by a veteran team formerly of China Renaissance and Macquarie Capital, Pantheon will work closely with Venture Partner Roger Li to augment Greenspring's established Asia investment practice going forward.

EXITS

STRATEGIC VALUE ADD

INSIGHTS