Sightline Partners LLC
10K Lakes Capital provides capital and liquidity solutions for healthcare investors and companies.
In the firm's own words, from its website.
8 additional team members, 6 additional investments, funds and LPs, 22 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 dealswith Radius Ventures
Invests most often alongside Radius Ventures (3 shared deals).
pair last observed on record 3 Jul 2018, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing DirectorWhy: Managing directorNo route on file yet
- Managing DirectorWhy: Managing directorNo route on file yet
- Senior AssociateWhy: Named with investment responsibilityNo route on file yet
Relationship network
25 connected entities6 observed rounds3 repeat counterpartiesrounds 2013 to 2019
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Sightline Partners LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Sightline Partners LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
3 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Conventus Orthopaedics Inc | Form D equity offering | unknown · board | Joseph Richard Biller (strongly supported) | $5.0M form d sold | unknown | Jan 10, 2019 | Inference Form D |
| EndoGastric Solutions | Form D equity offering | unknown · board | Scott Raymond Ward (strongly supported) | $25.5M form d sold | unknown | Jul 3, 2018 | Inference Form D |
| Dfine Inc | Form D equity offering | unknown · board | Joseph Richard Biller (strongly supported) | $17.5M form d sold | unknown | Dec 31, 2013 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- healthcare
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
10 current, 5 departed
Decision makers
- Kunal Ullhas Paymaster · Managing DirectorWhy this person: Managing director; Named with investment responsibility
- Rob Barmann · Managing DirectorWhy this person: Managing director; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Director
- Managing Director
- Senior 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
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| 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 | $8.3M Jun 18, 2026 | 13 | unknown | unknown |
| Sightline Healthcare Opportunity Fund Ii-B, LP | Opportunity fund · ADV: Private Equity Fund | 2013 adv first reported | Harvest | $8.7M Jun 18, 2026 | 50 | unknown | unknown |
| Sightline Healthcare Opportunity Fund Ii-A, LP | Opportunity fund · ADV: Private Equity Fund | 2012 form d first sale | Harvest | $2.9M Jun 18, 2026 | 4 | $107M of $107M | Aug 7, 2013 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
3 co-investors · on 4 other DFX graphs
Co-investors
- 2018-07-033 shared deals · recurring
- 2013-12-311 shared deal · one time
- 2013-12-311 shared deal · one time
Across DFX and the capital chainon 4 other DFX graphs ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Independent Sponsors, Private Equity, RIA and Wealth, Private Credit, matched by identifier. See which records
Sightline Partners LLC is the same institution as 4 records in Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Evidence and history
27 dated events, 66 observations from 3 sources
Timeline
- seen on or beforeSep 24, 2026Sightline Partners LLC: PE_WITH_VENTURE_ACTIVITY -> CANDIDATE_VC (no sworn venture fact yet (name or round mention only))Classification changedClassificationInference
- 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, 2020Scott Raymond Ward (Managing Director) no longer on Schedule A of Sightline Partners LLC
- May 29, 2020Joseph Richard Biller (Managing Director) no longer on Schedule A of Sightline Partners LLC
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 18, 2026 · 9 private fundsShowHide
- Headquarters
- Bloomington, MNadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- SIGHTLINEPARTNERS.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 18, 2026
- Private funds reported
- 9 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $643Madviserinfo.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
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 24, 2026Candidate (candidate, 50%)No sworn venture fact yet (name or round mention only)
- Sep 23, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 29% of 9 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 36% of 8 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Jun 18, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Jun 18, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-06-18 | Jun 18, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Venture share of reported funds | 0 | Jun 18, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Description | Sep 15, 2026 | Fact | Firm website | |
| Employees | 5 | Mar 28, 2024 | Fact | Form ADV |
| Headquarters | Bloomington, MN | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 15, 2026 | Fact | Firm website |
| Private funds reported | 9 | Jun 18, 2026 | Fact | Form ADV |
| Private funds reported | 8 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $643M | Jun 18, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $137M | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $137M | Mar 28, 2024 | Fact | Form ADV |
| Stated sectors | healthcare “sector words on the home page” | Sep 15, 2026 | Fact | Firm website |
| Stated stages | growth “stage words on the home page” | Sep 15, 2026 | Fact | Firm website |
| Team page | Sep 15, 2026 | Fact | Firm website | |
| Venture funds reported | 0 | Jun 18, 2026 | Fact | Form ADV |
| Venture funds reported | 0 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Website resolved domain | 10klakescapital.com | Sep 15, 2026 | Fact | Firm website |
| Website resolved domain | 10klakescapital.com | Sep 14, 2026 | Fact | Firm website |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | |
| Site title | Sep 15, 2026 | Fact | Firm website |
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShowHide
No sworn venture fact yet (name or round mention only)
- importance
- gav: 0 · funds: 0 · people: 0.2 · investments: 0.29 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $20M reported · co investors: 0.19
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 9 · reported gav: $19.9M · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-24
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.