# Gemspring Capital: portfolio, investments and team

> Gemspring Capital is a private equity based in United States. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/gemspring-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Gemspring Capital

No observed cheques in the sources we track. That is a limit of our coverage, not a finding about this organisation.

Email

Private equity Unknown New fund $12M, Sept 2026

Buyout Growth Aerospace & Defense Business Services Consumer Services

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Cheques on record

**No rounds observed yet** A limit of the sources we read, not a finding about the firm.

Pitch Gemspring Capital

## What they do

> Gemspring provides flexible capital solutions to middle market companies headquartered primarily in the United States and Canada. From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Buyout Growth
- **Sectors:** Aerospace & Defense Business Services Consumer Services
- **Based in:** Westport, United States
- **Cold pitches:** Not accepted

## The record

No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=gemspring-capital).

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AS **Andrew Seth Lerner** General Counsel and Chief Compliance Officer i Form ADV

BD **Bret David Wiener** Executive Officer, Promoter i Filing they signed

JJ **John Joseph Tucker** Executive Officer, Promoter i Filing they signed

MA **Malcolm Appelbaum** Executive Officer, Promoter i Filing they signed

MR **Matthew Reibl** Executive Officer i Filing they signed

SS **Steven Spencer** Executive Officer i Filing they signed

We also hold **25** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$5.1B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Gemspring Capital Management, LP
- **SEC number:** CRD 285081

Funds on its Form ADV

**12** private funds, **$4.1B** in gross assets · filed Oct 2024

- Gemspring Capital Fund III, L.P. *Private equity* 66 investors $1.2B
- Gemspring Capital Fund III-A, L.P. *Private equity* 64 investors $782M
- Gemspring Capital Fund II, L.P. *Private equity* 24 investors $637M
- Gemspring Capital Fund II-A, L.P. *Private equity* 26 investors $360M
- Gemspring Capital Fund I, L.P. *Private equity* 23 investors $330M
- Gemspring Growth Solutions I, L.P. *Private equity* 24 investors $319M
- Gemspring Growth Solutions I-A, L.P. *Private equity* 17 investors $155M
- Gemspring Capital Fund I-A, L.P. *Private equity* 16 investors $120M
- Realspring Capital Fund I, L.P. *Private equity* 30 investors $54M
- Gemspring Capital Executive Fund II, L.P. *Private equity* 60 investors $42M

And 2 more on the filing.

## What they claim to have backed

From their own portfolio page (on their website)

**5** of 43 we have independently watched raise

[A10capital](https://millionrounds.com/company/a10-capital)[Airswift](https://millionrounds.com/company/airswift)[Clearcompany](https://millionrounds.com/company/clearcompany)[Sitemetric](https://millionrounds.com/company/sitemetric)[Wirelessvision](https://millionrounds.com/company/wireless-vision) Aeromedgroup Ampam Apexgeotech Apprissretail Bobitbusinessmedia Bradfordlabs Bridgewayconnects Carrduff Cforia Craftyapes Creativebb Fenceworks Form Freedomseniorservices G-3chickadee Goldenstepsaba Insurvia Jtiindustrial Keylineconstruction Mantisinnovation Midlandindustries Opexustech Outform Radancy Residence Ridecomoto Rorpartners Security101 Shrieve Sigga Skyline Sparkstone Telna Thegoldensource Therma Trgsolutions Valant Zavation

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$12M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

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## Quick answers about Gemspring Capital

### What does Gemspring Capital invest in?

Gemspring Capital says it invests in Aerospace & Defense, Business Services and Consumer Services.

### Is Gemspring Capital investing now?

No investments in the last 12 months.

### What kind of investor is Gemspring Capital?

Gemspring Capital is a private equity firm based in Westport, United States.

### How much does Gemspring Capital manage?

About $5.1B, as regulatory assets under management (Oct 2026).

### Has Gemspring Capital raised a new fund?

Its latest fund filing with the SEC was in Sept 2026, reporting $12M raised.

### When was Gemspring Capital founded?

Gemspring Capital was founded in 2015.

### Where does this information on Gemspring Capital come from?

From public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=gemspring-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=gemspring-capital)
