Montagu Newhall Associates

Montagu Newhall Associates, which rebranded as Greenspring Associates in 2010, is a venture capital firm with a significant focus on the healthcare and life sciences sectors. Founded in 2000, the firm provides a range of investment solutions including venture capital fund-of-funds, direct investments, and secondary market transactions. The firm has historically backed numerous innovative companies in biotechnology, medical devices, and healthcare IT, facilitating their growth from early-stage development to commercial success. In July 2021, the firm's successor, Greenspring Associates, was acquired by StepStone Group for approximately $780 million to enhance its private markets investment platform. The firm is headquartered in Maryland and has been a key player in the venture ecosystem for over two decades.