Wellspring Capital Management Group LLC (“Wellspring”), a leading middle market private equity firm, today announced it has committed to being the lead sponsor of Squash Haven’s marquee fundraising event, the Squash Haven Showdown, for the next three years.
Squash Haven empowers New Haven public school students to strive for and maintain school success and physical wellness, and to forge a path through higher education to engaged citizenship. Team members participate in tuition-free year-round academic and athletic programming at Yale. The program has helped its members (1) gain acceptance into prestigious four-year colleges including Brown, Georgetown and Yale among others, (2) receive over $2.1 million annually in renewable financial aid awards and (3) join 20 collegiate squash teams, with 7 captains. 94% of team members would be the first in their families to attend college.
Naishadh Lalwani, Partner of Wellspring Capital, said “Squash Haven’s drive to empower positive youth development and increase educational opportunity overlaps well with Wellspring’s culture of charitable giving. I have been fortunate enough to witness first-hand the impact the program has during my time at Yale and we are proud to be associated with an organization of Squash Haven’s caliber and look forward to strengthening our relationship meaningfully.”
Julie Greenwood, Executive Director of Squash Haven, said: “Our partnership with Wellspring underscores the firm’s commitment to genuinely impact diverse and hardworking student-athletes. We have been impressed with their dedication to our mission and hope to grow this partnership in the years to come.”
About Squash Haven
Squash Haven empowers New Haven youth to strive for and maintain school success and physical wellness, and to forge a path through higher education to engaged citizenship. Team members participate in tuition-free year-round academic and athletic programming at Yale. The key to Squash Haven’s success is our multi-faceted and intensive approach to youth development. Fifth through twelfth grade team members participate in tuition-free year-round programming that includes differentiated individual tutoring, group academic enrichment, squash instruction, community service, values-based character development, exposure to a broad range of enrichment opportunities, and college preparation. Consistent with the long-term goal of graduation from institutions of higher education, college-aged team members continue to receive academic, athletic, and personal advice/support, access to internship and summer employment opportunities, and career development.
About Wellspring Capital
Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Wellspring’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add‐on acquisitions. The firm functions as a strategic partner, providing management teams with top‐line support, M&A experience, financial expertise and access to resources. For additional information, please visit www.wellspringcapital.com.
