Gemspring Capital Adds Principal to Lead Software Investing Effort

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, LLC, a lower middle market private equity firm with $350 million of equity capital under management, announced that Aron Grossman has joined as a Principal on the investment team and will lead the firm’s software investment practice.

Aron brings twelve years of investing and operating experience to Gemspring, most recently as a Principal with Rho Capital, a technology-focused private equity firm with $1.4 billion capital under management.  At Rho, Aron focused on the origination and execution of enterprise software investments.  Previously, Aron spent five years in operating roles at software businesses, first as CFO of Voxy, a venture-backed education technology company, and later as Founder and CEO of Cleanshelf, a software expense management provider.  Earlier in his career, Aron was a private equity investor with Tailwind Capital, and an investment banker at Houlihan Lokey,

Bret Wiener, Managing Partner of Gemspring Capital, commented “We are excited to have Aron join Gemspring.  His extensive investing and operating experience and entrepreneurial drive make him a great addition to the team.”

About Gemspring Capital

Gemspring Capital is a lower middle market private equity firm with $350 million of equity capital under management.  Gemspring focuses on making control equity investments and structured equity investments in lower middle market companies headquartered in the United States and Canada.  Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and operating efficiencies.  Target companies have up to $250 million in revenue and are in the business services, distribution & logistics, healthcare services, industrial services, and software and technology enabled services sectors.  For more information, visit www.gemspring.com.