Spring Mountain Capital is a private investment management firm, founded in 2001 by John L. (“Launny”) Steffens, that focuses on alternative asset investing and offers investors a wide range of strategies designed to produce attractive risk-adjusted returns.
SMC is organized into four investment groups: Growth Equity, Total Return, Private Capital and Municipal Bonds. This combination provides the firm with expansive knowledge in each investment vertical, which improves investment decisions. We seek to take advantage of investment opportunities “in the gaps” where larger investors do not focus. Our investment solutions are designed to best meet clients’ current needs and reflect the flexibility, adaptability and insight that are essential when investing in today’s complex markets.
Our senior professionals possess decades of investment experience and have complementary professional backgrounds in the areas of wealth management, investment banking, private equity, financial analysis, quantitative research, international tax and finance. Based on our extensive network of personal and professional relationships, we are constantly searching for insightful investments from a wide range of sources.
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.
Over the ensuing years, SMC has built a team of professionals with diverse backgrounds and complementary skill sets. The firm has 29 employees, including 18 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. 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, special situation and municipal bond portfolio strategies with the goal of producing attractive risk-adjusted returns.
What Distinguishes SMC
PARTNERSHIP WITH CLIENTS
We invest alongside our clients and offer a high degree of transparency and access to information on our investments.
We are constantly searching for insightful investments based on our extensive network of relationships, diverse team and decades of experience.
We seek out liquid and illiquid ideas along with complex, misunderstood and ignored situations. Our size and flexibility allow us to take advantage of interesting opportunities across sectors and stages around the globe.