{
  "crd_number": 167613,
  "slug": "spring-lake-equity-gp-llc-burlington-ma-167613",
  "primary_business_name": "SPRING LAKE EQUITY GP LLC",
  "legal_name": "SPRING LAKE EQUITY GP LLC",
  "dbas": [
    "SPRING LAKE EQUITY II GP LLC (RELYING ADVISER)",
    "SPRING LAKE EQUITY III GP LLC (RELYING ADVISER)",
    "SPRING LAKE/WK CO-INVESTMENT GP LLC (RELYING ADVISOR)"
  ],
  "city": "Burlington",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "49340",
  "metro": {
    "cbsa_code": "49340",
    "common_name": "Worcester",
    "msa_name": "Worcester, MA",
    "path": "/advisors/ma/worcester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-05-13",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-08-20",
  "carried_forward": false,
  "raum_total": 179161798.0,
  "raum_discretionary": 179161798.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 179161798.0,
      "count": 4
    }
  },
  "compensation_types": [
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MA"
  ],
  "websites": [
    "https://linkedin.com/company/spring-lake-equity-partners",
    "https://springlakeequitypartners.com",
    "https://springlep.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167613",
  "city_as_filed": "BURLINGTON",
  "url": "https://advisorcensus.com/firm/spring-lake-equity-gp-llc-burlington-ma-167613",
  "display_name": "Spring Lake Equity GP LLC",
  "summary": "Spring Lake Equity GP LLC is an SEC-registered investment advisory firm in Burlington, MA, registered since 2013, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 20, 2026.",
  "citation": "AdvisorCensus. Spring Lake Equity GP LLC (CRD 167613): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Spring Lake Equity GP LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Spring Lake Equity GP LLC reports these compensation arrangements: performance-based fees."
    },
    {
      "q": "Where is Spring Lake Equity GP LLC located?",
      "a": "Spring Lake Equity GP LLC's principal office is in Burlington, MA, according to its Form ADV."
    },
    {
      "q": "Is Spring Lake Equity GP LLC registered with the SEC or a state?",
      "a": "Spring Lake Equity GP LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 167613."
    },
    {
      "q": "How much does Spring Lake Equity GP LLC manage?",
      "a": "Spring Lake Equity GP LLC reports $179,161,798 in regulatory assets under management in its Form ADV filing dated August 20, 2026 (100% discretionary)."
    },
    {
      "q": "How have Spring Lake Equity GP LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Spring Lake Equity GP LLC: Regulatory assets under management: $422,872,359 in the October 2021 data and $179,161,798 in the October 2026 data, down 58%. Total employees: 0 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Spring Lake Equity GP LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does Spring Lake Equity GP LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/167613"
    },
    {
      "q": "What changed in Spring Lake Equity GP LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Spring LAKE/WK Co-Investment GP LLC. Added the business name Spring LAKE/WK Co-Investment GP LLC (relying Advisor). Regulatory assets under management went from $295,019,502 to $179,161,798 (-39%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 422872359.0,
      "total_employees": 0,
      "filing_date": "2021-04-09"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 449923284.0,
      "total_employees": 0,
      "filing_date": "2022-09-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 408007892.0,
      "total_employees": 7,
      "filing_date": "2023-05-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 301835160.0,
      "total_employees": 6,
      "filing_date": "2024-04-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 295019502.0,
      "total_employees": 3,
      "filing_date": "2025-05-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 179161798.0,
      "total_employees": 3,
      "filing_date": "2026-08-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Spring LAKE/WK Co-Investment GP LLC.",
        "Added the business name Spring LAKE/WK Co-Investment GP LLC (relying Advisor).",
        "Regulatory assets under management went from $295,019,502 to $179,161,798 (-39%)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/spring-lake-equity-gp-llc-burlington-ma-167613.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 179161798.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167613",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}