Gainline Closes First Private Equity Fund

May 15, 2019

Willkie represented Gainline in the fund closing.

On April 8, Willkie client Gainline Capital Partners LP announced that it reached $155 million for the final closing of its first private equity fund, Gainline Equity Fund LP.   The fund invests in the United States lower middle-market, with a particular focus on seeking to opportunistically make investments with the primary purpose of obtaining control or influence in its portfolio companies. Gainline has already completed two platform investments and is actively evaluating opportunities across the business services, niche manufacturing and consumer products industries.

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.

Willkie also represents Gainline Capital Partners in connection its portfolio company acquisitions and other strategic matters.

The fund formation matter was led by partner Phillip Isom, and included partners Gregory Astrachan, Antonio Yanez, Russell Pinilis, Peter Haller and Anne Choe, and associates John Knapke, David Bakal and Camille Grant.