Spring Mountain Capital, Lp
- Regulatory AUM
- $311M
- Discretionary
- $311M
- Clients
- 5
- Avg AUM / client
- $62.2M
- Accounts
- 7
- Employees
- 17
AUM over time
Annual snapshots from Form ADV filings · as of Apr 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $225M | 72.5% |
| Charitable organizations | Fewer than 5 clients | $98.1K | 0.03% |
| Insurance companies | Fewer than 5 clients | $85.3M | 27.4% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $527M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Smc Growth Capital Partners Ii, Lp | Private Equity Fund | Delaware | $157M | 137 |
| Smc Growth Capital Partners Iii, Lp | Private Equity Fund | Delaware | $137M | 230 |
| Smc Total Return Fund, Lp | Hedge Fund | Delaware | $72.1M | 30 |
| Smc Holdings Ii, Lp | Private Equity Fund | Delaware | $62.7M | 205 |
| Smc Private Capital Fund, Lp | Private Equity Fund | Delaware | $49.3M | 52 |
| Smc Private Equity Holdings, Lp | Private Equity Fund | Delaware | $25.6M | 89 |
| Smc Private Capital Fund Ii, Lp | Private Equity Fund | Delaware | $12.0M | 16 |
| Whin Opportunity Fund, Lp | Private Equity Fund | Delaware | $11.5M | 7 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ho, Gregory, Paul | President, Chief Operating Officer & Managing Member Of The General Partner | Jun 2001 (25y) | 25% – 50% | |
| Steffens, John, Laundon | Founder, Senior Managing Director & Managing Member Of The General Partner | Jun 2001 (25y) | 25% – 50% | |
| Woo, Kris, Kyung Ho | Chief Financial Officer | Feb 2017 (10y) | Less than 5% | |
| Sharp, Tara, C. | General Counsel | Nov 2021 (5y) | Less than 5% | |
| Kronket, Michael, William | Chief Compliance Officer | Sep 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| John L. Steffens 2001 Descendants' Trust | Limited Partner | Oct 2001 | A | 25% – 50% |
| Spring Mountain Capital, Llc | General Partner | Jun 2001 | A | Less than 5% |
| John L. Steffens 2001 Descendants' Trust | Member | Dec 2008 | B | ≈ 0% – 2.5% via Spring Mountain Capital, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- John L. Steffens 2001 Descendants' Trust: 25% – 50% of Spring Mountain Capital, Llc × 0% – 5% direct ≈ 0% – 2.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (8, $527M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Smc Growth Capital Partners Ii, Lp | Private Equity Fund | $157M | $250K | 137 |
| Smc Growth Capital Partners Iii, Lp | Private Equity Fund | $137M | $250K | 230 |
| Smc Total Return Fund, Lp | Hedge Fund | $72.1M | $500K | 30 |
| Smc Holdings Ii, Lp | Private Equity Fund | $62.7M | $25.0K | 205 |
| Smc Private Capital Fund, Lp | Private Equity Fund | $49.3M | $250K | 52 |
| Smc Private Equity Holdings, Lp | Private Equity Fund | $25.6M | $25.0K | 89 |
| Smc Private Capital Fund Ii, Lp | Private Equity Fund | $12.0M | $500K | 16 |
| Whin Opportunity Fund, Lp | Private Equity Fund | $11.5M | $5.0M | 7 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/21/2026 | 2.19 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $718M (45% of AUM) Oct 2025
- Wells Fargo $271M (17% of AUM) Oct 2025
- Interactive Brokers $85.3M (27% of AUM) Apr 2026
- Merrill Lynch $10.2K (0% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 21, 2026.
View current Form ADV (SEC/IAPD) ↗