DFX Intelligence

Private Equity Intelligence

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Firms / S••••• L••• E••••• G• L••

S••••• L••• E••••• G• L••

Buyout firm · probableLower middle marketBoston, MAs•••••••••.comSEC registered investment adviser

A Boston based firm investing in private technology companies. We seek to partner with great management teams to take their businesses to the next level, creating value for all stakeholders.

Classification

Class: Buyout firmprobable, confidence 80%
Basis: own website statement
Size band: Lower middle marketdefined by: proxy: $0.30bn Private Equity Fund GAV on the Form ADV filed 2024-04-29

Classification history (2)

Sep 18, 2026
Buyout firm (probable, 80%, cls-pe-2)
own website statement
“Prior to founding S••••• L•••, C••••• served as a Partner in T•••• Investment Corporation’s private equity group, the predecessor to S••••• L•••, since 1996.”
springlep.com
Sep 13, 2026
Buyout firm (confirmed, 85%, cls-pe-1)
R6: 8 of 8 distinct vehicles are sworn Private Equity Funds; 6 reported gross assets on a filing in 2022 or later

Regulatory footprint (Form ADV)

Adviser type: registered investment adviser
Form ADV filings: May 9, 2013 to Apr 29, 2024
RAUM: $302Mregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing: 6
PE fund GAV, latest filing: $302Mreported gross assets (Form ADV), not fund size
All private fund GAV: $302Mevery private fund type, latest filing
2024 PE fund GAV: $302Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime: 100%
Fund type mix: filed 2024-04-29, latest gav Private Equity Fund $302M, latest counts Private Equity Fund 6, lifetime distinct Private Equity Fund 8
Employees: 6
Headquarters: Boston, MA
Office address: 200 STATE STREET, SUITE 1215, Boston, MA, 02109
Business phone: 617 391 6341

Stated criteria beside observed behaviour

no observed deals yet

Stated by the firm

Sectors: technology
Geography: not stated or not yet read
Revenue: $5.0M to $50.0M
EBITDA: not stated or not yet read
Enterprise value: not stated or not yet read
Equity check: $5.0M to $20.0M
Control: not stated or not yet read
Thesis: We seek to partner with great management teams to take their businesses to the next level, creating value for all stakeholders.

Observed from deals on record

Nothing observed yet. Behaviour is computed from transactions and portfolio relationships, which have not been collected for this firm.

Funds

8 on record

Fund	Vehicle	Vintage	Reported gross assets (Form ADV), not fund size	Form D sold	Lifecycle
S••••• L•••••• C••••••••• L•• ADV: Private Equity Fund	Co-investment vehicle	2023 first reported on Form ADV	$4.8M as of Apr 29, 2024	no Form D	Early deployment
S••••• L•••••• C••••••••• I•• L•• ADV: Private Equity Fund	Co-investment vehicle	2023 first reported on Form ADV	$417 as of Apr 29, 2024	no Form D	Unknown
S••••• L••• E••••• I•• G• L•• ADV: Private Equity Fund	buyout or unlabelled	2022 first reported on Form ADV	$32.7M as of Apr 29, 2024	no Form D	Unknown
S••••• L••••••• C••••••••• L•• ADV: Private Equity Fund	Co-investment vehicle	2019 first reported on Form ADV	$0 as of Oct 18, 2021	no Form D	Wound down
S••••• L••• E••••• P••••••• E•••••••• F••• L•• ADV: Private Equity Fund	Buyout fund	2017 first reported on Form ADV	$110M as of Apr 29, 2024	no Form D	Harvest
S••••• L•••••• C••••••••• I• L•• ADV: Private Equity Fund	Co-investment vehicle	2016 first reported on Form ADV	$0 as of Oct 30, 2023	no Form D	Wound down
S••••• L•••••• C••••••••• L•• ADV: Private Equity Fund	Co-investment vehicle	2014 first reported on Form ADV	$3,675 as of Apr 29, 2024	no Form D	Harvest
S••••• L••• E••••• P••••••• L•• ADV: Private Equity Fund	Buyout fund	unknown	$154M as of Apr 29, 2024	no Form D	Harvest

Team

7 current, 1 former

Managing partner (1)

E••• J• A••••••• · Managing Member · since Jan 1, 2002 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

Partner (5)

C••••• J••••• S••••• · Member · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
D••••• J••• M•••••••• · Member · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
J•••••• S•••••• W••••••• · Member · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
P••• T•••• J•••• · Co-Chairman And Chief Investment Officer · since Jan 1, 2015 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
R••••• P••••• F••••••• · Member · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

Platform (1)

S••••• J••• G•••••••• · Chief Compliance Officer · since Nov 1, 2020 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

1 former (kept with end dates)

J••••••• L••••• D•••••••• · Member · Jul 1, 2013 to Mar 15, 2017 Inference

Portfolio

0 relationships, 0 platforms, 0 add-ons

No portfolio relationship collected for this firm yet. They arrive from the firm’s portfolio page, deal announcements and filings.

Transactions

0 on record

No transaction naming this firm has been collected yet. The deal tape is read from SEC filings and cited announcements.

Placement agents, lenders, advisers and co-investors

2 relationships

Placement agents (2)

H••••••• M••••• I••••••••• L•• 1 shared · one time · last Jan 1, 2019
H•••••• S••••••••• L•• 1 shared · one time · last Jan 1, 2022

LP commitments

0 disclosed

No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.

Events

7 most recent

Aug 20, 2026
S••••• L••• E••••• G• L••: Private Equity Funds on Form ADV 6 (2024 extract) -> 4 (roster 2026-09-01)
Pe fund count changedFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Sep 16, 2022
SOC Telemed Expands Behavioral Health Offering with Acquisition of Forefront Telecare
Firm newsFactInvestment organization websites (team, portfolio, strategy, criteria, news)
Jan 26, 2022
BlueConic Announces Strategic Growth Investment from Vista Equity Partners
Firm newsFactInvestment organization websites (team, portfolio, strategy, criteria, news)
Feb 2, 2021
MediaMath Appoints Former Dentsu Global President, Ashwini Karandikar, to Board of Directors
Firm newsFactInvestment organization websites (team, portfolio, strategy, criteria, news)
Nov 17, 2020
Wunderkind Acquires SmarterHQ to Supercharge Growth for Enterprise eCommerce
Firm newsFactInvestment organization websites (team, portfolio, strategy, criteria, news)
Apr 30, 2019
Phoenix Energy Technologies Completes Growth Equity Funding
Firm newsFactInvestment organization websites (team, portfolio, strategy, criteria, news)
May 9, 2013
S••••• L••• E••••• G• L•• first filed Form ADV in the extract (IA)
First Form ADV filingFactSEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

Scores and what they are made of

Freshness100 · HIGH: as of: 2026-09-21items: [{"code":"DAYS_SINCE_NEWEST_EVIDENCE","points":1,"evidence":"0 days"}]method: sum of component points, capped at 1.0
model score-pe-1
Research priority47 · MODERATE: as of: 2026-09-21items: [{"code":"SCALE_BAND","points":0.2,"evidence":"LOWER_MIDDLE_MARKET"},{"code":"COmethod: sum of component points, capped at 1.0
model score-pe-1
Investment velocity0 · LOW: as of: 2026-09-21items: []method: sum of component points, capped at 1.0
missing: no dated transactions
model score-pe-1
Acquisition appetite5 · LOW: as of: 2026-09-21items: [{"code":"STATED_CRITERIA_PUBLISHED","points":0.05,"evidence":"the firm publishemethod: sum of component points, capped at 1.0
missing: no transactions on the graph for this firm yet
model score-pe-1
Profile completeness67 · ELEVATED: as of: 2026-09-21items: [{"code":"FIELDS_PRESENT","points":0.6666666666666666,"evidence":["website","desmethod: sum of component points, capped at 1.0
missing: portfolio, transactions, lenders, lps
model score-pe-1
Fund deployment activity35 · MODERATE: as of: 2026-09-21items: [{"code":"FUNDS_DEPLOYING","points":0.35,"caution":"deployment state is read fromethod: sum of component points, capped at 1.0
model score-pe-1

Across DFX

Independent Sponsor Intelligence (matched on shared crd)

Record

First observed: Sep 13, 2026
Last observed: today
Observations: 35
Sources: 3
Open research tasks: 6

Reading this profile

Reported gross assets are what an adviser told the SEC a fund held on a date. They are not the fund’s size and not dry powder. RAUM is a regulatory measure of the adviser, not capital available to invest.

A section that says nothing has been collected means exactly that: the graph has not read that kind of record for this firm yet.

Across the graphs

S••••• L••• E••••• G• L•• is the same institution as 2 records in Independent Sponsors and RIA and Wealth.

Independent Sponsors1RIA and Wealth1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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