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 was formerly Vice Chairman of Merrill Lynch & Co., Inc. and Chairman of its U.S. Private Client Group. Under his leadership, the Merrill Lynch Private Client Group increased assets under management from $200 billion to $1.6 trillion and Merrill Lynch & Co. became one of the largest brokerage operations in the world. 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.
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Over the ensuing years, SMC has built a team of professionals with diverse backgrounds and complementary skill sets. The firm has 23 employees, including 17 investment professionals. The investment team is supported by an internal operations team that includes finance, legal, compliance, 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 when investing in today’s complex markets. SMC offers diversified funds, co-investment opportunities, and customized separate accounts using actively managed private equity, hedge fund, special situation and municipal bond portfolio strategies, all with the goal of producing attractive, risk-adjusted returns.