Montagu Newhall Changes Name to Greenspring Associates

Montagu Newhall Associates has changed its name to Greenspring Associates. The Owings Mills, Md.-based firm manages venture capital funds-of-funds and makes direct co-investments.

PRESS RELEASE

Montagu Newhall Associates, Inc., a leading global venture investment firm with offices in Maryland and California, is pleased to announce that it has changed its name to Greenspring Associates, Inc. The name change reflects the firm’s growth and opportunity.

Ashton Newhall, founding General Partner, explained, “Over the last ten years, we have grown from a two man team into an organization that is well over 25 people. We wanted our name to reflect the contribution of our employees and not just the names on the door.”

Greenspring Associates will rename its investment funds series from Montagu Newhall Global Partners to Greenspring Global Partners. Jim Lim, General Partner, commented, “We are excited to implement our new name, Greenspring Associates, which we know will reflect our commitment to providing the same high standard of venture capital investing that our clients have come to expect from Montagu Newhall.”

Along with the name change, Greenspring Associates has updated its corporate identity including changes to its website found at www.greenspringassociates.com. Effective immediately, all business activity will be undertaken using the new name.

About Greenspring Associates

Greenspring Associates, founded in 2000, is a leading global venture capital investment firm that provides venture capital fund-of-funds, direct co-investment and customized investment partnership capabilities to its clients. Currently, Greenspring Associates manages over $1.5 billion of committed capital for clients in North America, Europe, and Australia. Greenspring Associates is a proactive and value-added investor seeking to build superior performing, globally diversified portfolios for its clients primarily in the technology, life sciences, and technology-enabled services sectors. For further information, please visit the Greenspring Associates website at www.greenspringassociates.com or email info@gspring.com. In addition, we would welcome you to follow us on facebook at Greenspring Associates and twitter at GreenspringVC.