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Growth Equity

Spring Lake Equity Partners

Spring Lake Equity Partners takes minority stakes in growing companies, usually without full control, from Boston, MA. It states a focus on software & internet.

Capital raised$87macross 3 SEC-filed vehicles
Most recent fund2021filing since 2016
HeadquartersBoston, MA
Stated cheque size$5-$20 million

Stated investment criteria

What Spring Lake Equity Partners says it buys

Read from Spring Lake Equity Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states$5m to $50m1
Transaction typesGrowth1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Spring Lake Equity Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Spring Lake Equity Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed3
Total capital raised$87m
Largest single vehicle$49m
Filing history2016 to 2021
Smallest accepted commitmentNone stated
Filed fromMASSACHUSETTS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Spring Lake Equity Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$179m
Employees3
Private funds advised4 · $179m gross
SEC adviser numberCRD 167613

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.