Greenspring Associates Raises $430M for Seventh Venture Capital Fund-of-Funds

Palo Alto, CA- and Owings Mills, MD-based Greenspring Associates raised $430m for its seventh venture capital fund-of-funds.

Greenspring Global Partners VII, L.P., which received support from its existing investors and added several institutions as limited partners, will primarily target early stage technology-focused funds and will also invest alongside those fund managers in expansion stage portfolio companies.
Additionally, the fund will opportunistically invest in secondary interests of venture capital funds and companies.

Established in 2000, the firm is led by Ashton Newhall, John Avirett, and Jim Lim, Greenspring Associates currently manages over $3.6 billion in assets across multiple venture capital investment strategies.



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