
John Wuestling
Director
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- Full Name
- John Wuestling
- Title
- Partner (formerly Director)
- Firm
- StepStone Group (formerly Greenspring Associates)
- Firm Type
- Venture capital & growth equity platform — fund-of-funds, secondaries, and direct co-investments (not a personal angel investor, despite some aggregator listings)
- Investment Stage
- All stages of venture and growth — fund commitments, secondaries, and direct/co-investments across early- and growth-stage companies
- Sector Focus
- Information technology, healthcare, FinTech, biotechnology, and database/software (firm-level focus)
- Geographic Focus
- United States (global mandate via StepStone)
- Location
- Baltimore, Maryland, United States
Background
John Wuestling is a Partner at StepStone Group, the global private-markets firm he joined when it acquired Greenspring Associates in 2021. He spent his pre-StepStone career at Greenspring Associates — a Baltimore-area venture capital and growth equity fund-of-funds founded in 2000 — where he held the title of Director. In that role he had an active part in the firm's investor-relations (LP) efforts and performed due diligence across the firm's three investment lines: primary fund commitments, secondary-market transactions, and direct co-investments. His email address ([hidden]) reflects the legacy Greenspring domain.
Before Greenspring, Wuestling worked at Cary Street Partners, a boutique middle-market investment bank based in Richmond, Virginia, where he gained corporate-finance and transaction experience. He graduated cum laude from Washington and Lee University with a Bachelor of Science in Business Administration and a degree in Art History.
Greenspring Associates was acquired by StepStone Group (Nasdaq: STEP) in 2021 in a deal valued north of $725 million, bringing the combined firm's venture and growth assets under management to roughly $27 billion. Following the merger, Wuestling became a member of StepStone's private-equity / research-and-investments team focused on venture capital and growth equity, and he sits on the firm's Partners Committee. He has also appeared as a speaker on private-markets and venture topics (e.g., SuperReturn North America).
It is worth noting that the "angel investor / seed round" label in some contact databases appears to be inaccurate aggregator data. Wuestling's actual mandate is institutional — investing fund capital as a limited partner and direct co-investor through Greenspring/StepStone, not writing personal angel checks.
Investment Thesis & Focus
- Operates within a fund-of-funds and direct co-investment model, not a personal angel program — capital is deployed institutionally through StepStone/Greenspring vehicles.
- The platform invests across three lines: primary commitments to venture funds, secondary purchases of existing LP/fund positions, and direct co-investments into companies alongside GPs.
- Backs companies and funds across all stages of venture and growth equity, from early-stage to growth-stage.
- Sector emphasis (firm-level) spans information technology/software, healthcare and biotech, FinTech, telecommunications, and database/data infrastructure.
- Wuestling's personal contribution centers on due diligence and investor relations (LP capital raising) rather than sourcing seed-stage angel deals.
Notable Investments
- Chewy.com — online pet retailer; major venture-backed exit (IPO 2019, prior acquisition by PetSmart).
- ExactTarget — email/marketing automation; acquired by Salesforce and rebranded as Salesforce Marketing Cloud.
- Fuze — cloud communications / unified communications platform.
- Everything But The House (EBTH) — online estate-sale and auction marketplace.
- NeoTract, Inc. — medical-device company (urology); acquired by Teleflex.
- Firm has made 200+ investments with 77+ portfolio exits across its venture and growth platform.
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