Overview
A. Gainline, a Delaware limited partnership formed on April 14, 2015, is an investment advisor
located in Stamford, CT. The Firm’s founders are Allan Weinstein and Ulric Sullivan, who
together with Kerri McNicholas serve as the Firm’s principals (the “Principals”), and the
Firm is principally owned by Gainline Capital Intermediate Holdings, LP. Please see
Schedule A and Schedule B of the Part 1A of this Form ADV filing for a comprehensive
report of Gainline’s direct and indirect owners.
B. Gainline serves as an investment advisor to two pooled investment vehicles, Gainline
Equity Fund LP (“Fund I”) and Gainline Equity Fund II LP (“Fund II”, each a “Fund” and
collectively the “Funds”). The Firm currently and may in the future provide advisory
services to vehicles formed for the purpose of one or more co-investment opportunities.
Investors should refer to their respective Offering Documents (as defined below) for
disclosures related to co-investment opportunities. The Funds rely on an exemption from
registration under the Investment Company Act of 1940, as amended (the “Investment
Company Act”), pursuant to Section 3(c)(1) or 3(c)(7) of the
Investment Company Act.
Gainline provides discretionary investment management services to the Funds pursuant to
each Fund’s investment advisory agreement with Gainline; and Gainline manages the
assets of the Funds in accordance with the applicable limited partnership agreements and
other such agreements (“Offering Documents”). Gainline seeks to invest in fundamentally
sound businesses which are well-positioned in their respective niches with a focus in the
United States lower middle-market.
C. Gainline does not expect to tailor advisory services to the individual or particular needs of
the investors in the Funds. Such investors accept the terms of advisory services as set forth
in each Offering Document. The Firm expects to have broad investment authority with
respect to the Funds and, as such, investors should consider whether the investment
objectives of the Funds are in line with their individual objectives and risk tolerance prior
to investment.
D. Gainline does not participate in wrap fee programs.
E. As of December 31, 2023, Gainline managed $ 836,976,345 in regulatory assets under
management on a discretionary basis.