United States · Investor

Mainsail Partners

Filed with the SEC to raise a fund in Sep 2025, closing $915M. Last cheque observed May 2019.

QuietNew fund $915M, Sept 2025Private equity

SeedSeries ASeries BSaaSProductivity ToolsSubscription

Cheques on record
0%of best year0cheques in 12 months, 17 on record
Since the last cheque2721days00hrs00min00sec
Median round$29MRounds led0 of 17Sole investor16 roundsExits1 from the portfolioMostly inUnited States, 100%
Pitch Mainsail Partners

Mainsail Partners highlights

  1. 01

    17 rounds on record

  2. 02

    Mostly Venture and Growth: 86% of its rounds

  3. 03

    Sole investor in 16 rounds, median $23M

  4. 04

    1 exits from the portfolio

What they do

Mainsail Partners is a growth equity firm investing in B2B software and AI-enabled companies.From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
SaaSProductivity ToolsSubscription
Based in
Austin, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first17 appearances

  1. 2019

    1 round

  2. May
    FullbayUS · Markets$23MSole investor
  3. 2018

    2 rounds

  4. Jun
    FairWarningUS · FinSMEs$60MSole investor
  5. Jan
    Bio-OptonicsUS · Prweb$30MSole investor
  6. 2017

    4 rounds

  7. Oct
    ResManUS · FinSMEs$36MSole investor
  8. Oct
    GTreasuryUS · FinSMEs$42MSole investor
  9. Oct
    Forensic LogicUS · FinSMEs$20MSole investor
  10. Jan
    PeraHealthUS · FinSMEs$14MSole investor
  11. 2016

    1 round

  12. Oct
    Nexus SystemsUS · Wdrb$28MSole investor
  13. 2015

    4 rounds

  14. Dec
    3PL CentralVenture · US$18MSole investor
  15. Jun
    SQL SentryVenture · US$25MSole investor
  16. May
    Network Contract SolutionsUSUndisclosedSole investor
  17. Mar
    Steelwedge SoftwareVenture · US$23MWith 2 others
  18. 2014

    1 round

  19. Oct
    PlayMaker CRMVenture · USUndisclosedSole investor
  20. 2013

    2 rounds

  21. Oct
    Zen PlannerSeries A · US · finsmes.com$10MSole investor
  22. May
    NetchemiaGrowth · US · finsmes.com$6.5MSole investor
  23. 2012

    1 round

  24. Aug
    The Bar MethodUS · finsmes.comUndisclosedSole investor
  25. 2011

    1 round

  26. Sept
    Steelwedge SoftwareVenture · US · steelwedge.com$16MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

CJC. Jason PayneManaging Director of General Partner.iFiling they signed
GMGavin Mitchell TurnerManaging Director of General Partner.iFiling they signed
LMLynn Marie AtkinsonChief Operating OfficeriForm ADV
WRWilliam Richard SalisburyChief Compliance Officer, Chief Financial Officer and Operating PartneriForm ADV

We also hold 70 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

$4.0Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Mainsail Management Company, LLC
SEC number
CRD 157775

Funds on its Form ADV

10 private funds, $2.3B in gross assets · filed Apr 2024

  1. Mainsail Partners VI, L.P.Private equity108 investors$963M
  2. Mainsail Partners V, L.P.Private equity94 investors$734M
  3. Mainsail Partners IV, L.P.Private equity78 investors$246M
  4. Mainsail Partners III, L.P.Private equity65 investors$135M
  5. Mainsail 3PL Holdings, L.P.Private equity55 investors$132M
  6. Mainsail GT SPV, L.P.Private equity27 investors$49M
  7. Mainsail Partners Executive Fund VI, L.P.Private equity94 investors$40M
  8. Mainsail Partners Executive Fund V, L.P.Private equity73 investors$27M
  9. Mainsail Co-Investors III, L.P.Private equity55 investors$3.0M
  10. Mainsail Incentive Program, LLCPrivate equity39 investors$2.4M

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

NetchemiaBought by PeopleAdminUndisclosedFeb 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

Recently backed

The latest companies Mainsail Partners put money into.

On podcasts

1 episode naming Mainsail Partners in the title.

Quick answers about Mainsail Partners

What does Mainsail Partners invest in?

Mainsail Partners invests most often at Venture and Growth (86% of the rounds on record), in sectors such as SaaS, Productivity Tools and Subscription.

How active is Mainsail Partners?

17 investments on record, 0 of them in the last 12 months. The most recent was in May 2019.

What has Mainsail Partners invested in recently?

Its most recent investments on record: Fullbay (Undisclosed round, May 2019), FairWarning (Undisclosed round, Jun 2018) and Bio-Optonics (Undisclosed round, Jan 2018).

How big are Mainsail Partners's cheques?

The median round it joins is $29M.

Does Mainsail Partners lead rounds?

Rarely, if at all: none of its 17 investments on record names it as the lead.

Where does Mainsail Partners invest?

Most of the companies it backs are in the United States (100%).

Is Mainsail Partners investing now?

No investments in the last 12 months; the latest was in May 2019.

What kind of investor is Mainsail Partners?

Mainsail Partners is a private equity firm based in Austin, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it