DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Sightline Partners LLC
Sightline Partners LLC
Private equity with venture activity · probableBloomington, MNsightlinepartners.comSEC registered investment adviser
10K Lakes Capital provides capital and liquidity solutions for healthcare investors and companies.
registered adviser; venture funds are 36% of 8 private funds
Importance
18
moderate
Active deployment
0
low
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
3
low
Identity and regulatory footprint
- Headquarters
- Bloomington, MNadviserinfo.sec.gov
- Office address
- 7801 E. BUSH LAKE ROAD, SUITE 210, Bloomington, MN, 55439adviserinfo.sec.gov
- Business phone
- 952-641-0300adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 8 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $137Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $137Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 5
- business phone
- 952-641-0300adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- healthcare
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
4 reported, 5 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Sightline Healthcare Opportunity Fund II, LP | Opportunity fund · ADV: Private Equity Fund | 2014 adv first reported | Harvest | $9.4M Mar 28, 2024 | 13 | unknown | unknown |
| Sightline Healthcare Opportunity Fund Ii-B, LP | Opportunity fund · ADV: Private Equity Fund | 2013 adv first reported | Harvest | $9.7M Mar 28, 2024 | 50 | unknown | unknown |
| Sightline Healthcare Opportunity Fund Ii-A, LP | Opportunity fund · ADV: Private Equity Fund | 2012 form d first sale | Harvest | $3.3M Mar 28, 2024 | 4 | $107M of $107M | Aug 7, 2013 |
| Sightline Healthcare Opportunity Fund, LLC | Opportunity fund · ADV: Private Equity Fund | unknown | Unknown | $0 Mar 28, 2024 | 2 | unknown | unknown |
| Piper Jaffray Technology Fund Limited Partnership | Fund | unknown | Wound down | $1.9M Feb 2, 2016 | 61 | unknown | unknown |
| Sightline Healthcare Fund II, L.P. | Fund | unknown | Wound down | $1.6M Mar 29, 2012 | 92 | unknown | unknown |
| Sightline Healthcare Fund III, L.P. | Fund | unknown | Wound down | $0 May 20, 2016 | 81 | unknown | unknown |
| Sightline Healthcare Vintage Fund, L.P. | Fund | unknown | Wound down | $0 Jun 14, 2017 | 12 | unknown | unknown |
| Sightline Healthcare Fund IV, L.P. | Fund | unknown | Wound down | $0 Jun 14, 2017 | 25 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
10 current, 5 departed
Buzz Benson
Board or advisorySenior Advisor
Kunal Paymaster
PartnerManaging Director
Kunal Ullhas Paymaster
PartnerManaging Director · since Dec 1, 2020
Rob Barmann
PartnerManaging Director
Andrea Crooks
Platform and operationsVice President of Finance
Emily Cattoor
Platform and operationsChief Financial Officer & Chief Compliance Officer
Lloyd Kenneth Benson
Platform and operationsManaging Director, Chief Compliance Officer · since Oct 1, 2004
Vicki Lee Benson
Platform and operationsCommunications Officer · since Dec 1, 2020
Josh Baltzell
Venture partnerVenture Partner
Nick Speltz
Vice presidentSenior Associate
5 departed (kept with end dates)
- Joseph Richard Biller · Managing Director · Jan 1, 2013 to May 29, 2020 Inference
- Scott Raymond Ward · Managing Director · Jun 1, 2013 to May 29, 2020 Inference
- Jennifer Jill Melville · Chief Compliance Officer, Vice President, Controller · Mar 1, 2014 to Jun 8, 2015 Inference
- Maureen Ellen Harder · Managing Director/Cfo · Oct 1, 2004 to Jun 8, 2015 Inference
- Peter Andrew Birkeland · Chief Compliance Officer And Controller · Jun 1, 2015 to May 20, 2016 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
26 dated events
- Dec 1, 2020Kunal Ullhas Paymaster joined Schedule A of Sightline Partners LLC as Managing Director
- Dec 1, 2020Vicki Lee Benson joined Schedule A of Sightline Partners LLC as Communications Officer
- May 29, 2020Joseph Richard Biller (Managing Director) no longer on Schedule A of Sightline Partners LLC
- May 29, 2020Scott Raymond Ward (Managing Director) no longer on Schedule A of Sightline Partners LLC
- Mar 23, 2018Sightline Healthcare Vintage Fund, L.P. no longer reported on Form ADV by Sightline Partners LLCFund no longer reportedFundsInferenceSightline Healthcare Vintage Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 23, 2018Sightline Healthcare Fund IV, L.P. no longer reported on Form ADV by Sightline Partners LLCFund no longer reportedFundsInferenceSightline Healthcare Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 22, 2017Sightline Healthcare Fund III, L.P. no longer reported on Form ADV by Sightline Partners LLCFund no longer reportedFundsInferenceSightline Healthcare Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 20, 2016Peter Andrew Birkeland (Chief Compliance Officer And Controller) no longer on Schedule A of Sightline Partners LLC
- Mar 17, 2016Piper Jaffray Technology Fund Limited Partnership no longer reported on Form ADV by Sightline Partners LLC
- Jun 8, 2015Jennifer Jill Melville (Chief Compliance Officer, Vice President, Controller) no longer on Schedule A of Sightline Partners LLC
- Jun 8, 2015Maureen Ellen Harder (Managing Director/Cfo) no longer on Schedule A of Sightline Partners LLC
- Jun 1, 2015Peter Andrew Birkeland joined Schedule A of Sightline Partners LLC as Chief Compliance Officer And Controller
- Mar 26, 2014Sightline Healthcare Opportunity Fund II, LP first reported on Form ADV by Sightline Partners LLC (Private Equity Fund), GAV $47,743,219Fund first reported on Form ADVFundsFactSightline Healthcare Opportunity Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2014Jennifer Jill Melville joined Schedule A of Sightline Partners LLC as Chief Compliance Officer, Vice President, Controller
- Jun 1, 2013Scott Raymond Ward joined Schedule A of Sightline Partners LLC as Managing Director
- Mar 20, 2013Sightline Healthcare Opportunity Fund Ii-B, LP first reported on Form ADV by Sightline Partners LLC (Private Equity Fund), GAV $18,136,256Fund first reported on Form ADVFundsFactSightline Healthcare Opportunity Fund Ii-B, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2013Sightline Healthcare Opportunity Fund Ii-A, LP first reported on Form ADV by Sightline Partners LLC (Private Equity Fund), GAV $19,627,851Fund first reported on Form ADVFundsFactSightline Healthcare Opportunity Fund Ii-A, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2013Sightline Healthcare Fund II, L.P. no longer reported on Form ADV by Sightline Partners LLCFund no longer reportedFundsInferenceSightline Healthcare Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2013Joseph Richard Biller joined Schedule A of Sightline Partners LLC as Managing Director
- Mar 29, 2012Piper Jaffray Technology Fund Limited Partnership first reported on Form ADV by Sightline Partners LLC (Venture Capital Fund), GAV $1,403,106Fund first reported on Form ADVFundsFactPiper Jaffray Technology Fund Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Healthcare Vintage Fund, L.P. first reported on Form ADV by Sightline Partners LLC (Venture Capital Fund), GAV $9,481,417Fund first reported on Form ADVFundsFactSightline Healthcare Vintage Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Healthcare Fund III, L.P. first reported on Form ADV by Sightline Partners LLC (Venture Capital Fund), GAV $12,039,788Fund first reported on Form ADVFundsFactSightline Healthcare Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Healthcare Opportunity Fund, LLC first reported on Form ADV by Sightline Partners LLC (Private Equity Fund), GAV $37,468,079Fund first reported on Form ADVFundsFactSightline Healthcare Opportunity Fund, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Healthcare Fund II, L.P. first reported on Form ADV by Sightline Partners LLC (Venture Capital Fund), GAV $1,575,418Fund first reported on Form ADVFundsFactSightline Healthcare Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Healthcare Fund IV, L.P. first reported on Form ADV by Sightline Partners LLC (Venture Capital Fund), GAV $9,689,433Fund first reported on Form ADVFundsFactSightline Healthcare Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Sightline Partners LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 36% of 8 private funds
Evidence
53 observations from 2 sources