Greenspring Associates is raising a second micro fund targeted at $100 million, according to a regulatory filing. The firm, based in Owings Mills, Maryland, and Palo Alto, California, is led by Ashton Newhall, James Lim and Eric Thompson. The firm invests in venture funds and secondary transactions, and makes direct investments in venture-backed companies. In November 2017, the Teachers’ Retirement System of the State of Illinois formed a new $600 million strategic partnership with Greenspring Associates, VCJ previously reported. Thus far, no investors have committed to the fund, according to the filing.