Spring Mountain Capital was founded in 2001 by John L. (“Launny”) Steffens with the goal of providing customized investment management services to private clients. Mr. Steffens previously led Merrill Lynch's private client business and achieved spectacular success over his 38-year career, increasing assets under management from $200 billion to $1.6 trillion. During the summer of 2001, Gregory P. Ho joined SMC as its President. Previously, Mr. Ho spent 16 years at McKinsey & Company, Inc., where he was the firm’s Chief Financial Officer.
Over the ensuing years, SMC has built a team of professionals with diverse backgrounds and complementary skill sets. As of March 1, 2017, the firm has 28 employees, of which 18 are investment professionals. The investment team is supported by an operations team that includes legal, compliance, finance, information technology and administrative professionals.
Throughout its history, SMC’s product suite has been designed to provide its clients and investors with the flexibility, adaptability and insight essential to investing in today’s complex markets. Initially, SMC’s strategy focused on investing capital with third party hedge fund and private equity managers via separate portfolios designed to meet client risk/return objectives. Today, the firm offers commingled and customized separate accounts using actively managed private equity, hedge fund and municipal bond portfolio strategies with the goal of producing attractive risk-adjusted returns.