# Spring Lake Equity GP LLC

> 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.

- CRD: 167613
- Filed as: SPRING LAKE EQUITY GP LLC
- Also doing business as: 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)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Burlington, MA
- Filing period: October 2026
- Form ADV filing dated: August 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/167613
- AdvisorCensus page: https://advisorcensus.com/firm/spring-lake-equity-gp-llc-burlington-ma-167613

## Quick answers

**How is Spring Lake Equity GP LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Spring Lake Equity GP LLC reports these compensation arrangements: performance-based fees.

**Where is Spring Lake Equity GP LLC located?**
Spring Lake Equity GP LLC's principal office is in Burlington, MA, according to its Form ADV.

**Is Spring Lake Equity GP LLC registered with the SEC or a state?**
Spring Lake Equity GP LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 167613.

**How much does Spring Lake Equity GP LLC manage?**
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).

**How have Spring Lake Equity GP LLC's assets and staff changed since 2021?**
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.

**What types of clients does Spring Lake Equity GP LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Spring Lake Equity GP LLC report any disciplinary disclosures?**
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

**What changed in Spring Lake Equity GP LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $179,161,798
- Discretionary: $179,161,798
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $179,161,798 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2013 (13 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- springlakeequitypartners.com
- springlep.com
- LinkedIn @spring-lake-equity-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $422,872,359 | 0 | April 9, 2021 |
| October 2022 | $449,923,284 | 0 | September 12, 2022 |
| October 2023 | $408,007,892 | 7 | May 1, 2023 |
| October 2024 | $301,835,160 | 6 | April 29, 2024 |
| October 2025 | $295,019,502 | 3 | May 9, 2025 |
| October 2026 | $179,161,798 | 3 | August 20, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Spring Lake Equity GP LLC (CRD 167613): Form ADV filing data as of October 2026.