Gainline Capital Partners has closed its debut fund at $155 million, beating its $150 million target. Lazard was placement agent for the fund while Willkie, Farr and Gallagher provided legal counsel.
STAMFORD, Conn., May 6, 2019 /PRNewswire/ — Gainline Capital Partners LP (“Gainline”), a value-oriented private equity firm that invests in U.S.-based lower middle-market companies, today announced the successful close of its $155 million debut fund, Gainline Equity Fund LP (“Fund I”). The firm obtained consents from its investors to exceed Fund I’s hard cap of $150 million. Gainline has already completed two platform investments and is actively evaluating opportunities across the business services, niche manufacturing and consumer products industries.
Led by Allan Weinstein and Rick Sullivan, Gainline seeks to partner with management teams to help execute their vision, drive sustainable growth and create long-term value. The firm targets high-quality, fundamentally sound businesses that have proven business models, stable and mature revenue bases and prospects for substantial returns, but which stand to benefit from Gainline’s hands-on management approach to creating value. The Fund expects to invest between $5 million and $35 million in each portfolio company, and expects to consummate investments of up to $100 million in partnership with the firm’s institutional limited partner co-investors.
Allan Weinstein, Co-Founder of Gainline said: “Our success is a function of our transparent working environment and commitment to fostering a team culture of sound and reasoned judgement, technical proficiency and thoughtfully aligned partnerships. This is a credit to our talented, experienced and cohesive team of colleagues who believe in our vision.”
“Fund I successfully raised capital from a cross section of institutional investors, including corporate pension, insurance company, asset management and family office limited partners. We are very pleased and fortunate to have such a distinguished group of limited partners,” said Gainline Co-Founder Rick Sullivan. “Our tactical approach to sourcing from a large network of relationships built over many decades of experience and managed by an in-house origination function is an important differentiator. We are seeing a high volume of opportunities across a range of investment sizes and have already generated significant co-investment for our limited partners to date.”
Lazard acted as placement agent for Gainline Equity Fund LP and Willkie, Farr and Gallagher provided legal counsel.
About Gainline Capital Partners
Gainline Capital Partners LP is a value-oriented private equity firm that invests in U.S.-based lower middle-market companies. The firm invests in profitable companies with enterprise values up to $250 million. Gainline partners with management teams to help execute their vision, drive sustainable growth and create long-term value. https://www.gainlinecapital.com/
Initial investments have already been made in Southern Furniture, Inc. (SFI), https://www.southernmotion.com/, a diversified manufacturer offering a differentiated manufacturing and delivery model to a large, stable and growing industry; and Integrated Energy Services, Inc. (iES), http://www.energythatworks.com/, a leading provider of grid relationship management software and demand response services to commercial electricity consumers.