During 2009, Greenhill announced its separation from its historical merchant banking business in order to focus entirely on the client advisory business. Specifically, the Firm sold to senior members of the existing investment team, the right to launch successor funds to its three current merchant banking funds.
The existing funds will continue to be managed by the current investment team, which will remain Greenhill employees until transitioned to a new, independent entity, which will be known as GCP Capital Partners ("GCP"). Greenhill will retain its portfolio of principal investments and seek to realize the value thereof over time.
Greenhill SAVP, an early stage venture capital fund, backs seasoned entrepreneurs focused on the next generation of innovation: Technology Enabled Services and Business Information Services.