# Gemspring Capital

Gemspring Capital is an Asset Manager based in Westport, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Westport, United States
- **Region:** North America
- **Address:** Westport, CT, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.gemspring.com
- **LinkedIn:** https://www.linkedin.com/company/gemspring-capital

## Regulatory record

- **CRD number:** 285081
- **SEC file number:** 801-108389
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/285081

## About

Gemspring Capital is a Westport, Connecticut-based private equity firm that provides flexible capital solutions to middle market companies. It partners with talented management teams and takes a hands-on approach to help drive growth, market leadership, operational excellence, and strategic value. Target companies are headquartered primarily in the United States and Canada, with sectors including aerospace & defense, business services, consumer services, financial and insurance services, healthcare, industrials, software, and tech-enabled services.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Business Services

## People

- Bret Wiener — Founder & CEO
- D.J. Andrzejewski — Managing Director
- Hart Callahan — Managing Director
- Clay Cole — Managing Director
- Michael Fan — Managing Director
- Charlie Fraas — Managing Director, Portfolio Operations
- Alex Funk — Managing Director
- Karthik Ganapathi — Managing Director, Portfolio Operations
- Boris Genov — Managing Director, Head of Tax
- Aron Grossman — Managing Director, Co-Head of Investments
- Courtney Hamlin — Managing Director, Investor Relations
- Chirag Hirawat — Managing Director
- Zubin Malkani — Managing Director, Co-Head of Investments
- Matt Reibl — Managing Director, Chief Financial Officer
- Steven Spencer — Managing Director, General Counsel, Chief Compliance Officer
- Glenn Stevens — Managing Director, Head of Portfolio Talent
- Jack Tucker — Managing Director, Chief Operating Officer
- Dave Welinsky — Managing Director, Capital Markets

## Questions

### How does Gemspring Capital source proprietary deal flow?

Gemspring focuses on originating off-market deals through deep relationships with business owners, independent sponsors, and industry executives rather than broad auction processes. The firm targets founder transitions, corporate carve-outs, and family succession situations where sellers prioritize operational continuity and post-close partnership over maximizing near-term valuation multiples.

### Is Gemspring Capital structured as a single fund or does it run multiple vehicles?

Gemspring manages committed fund vehicles alongside co-investment syndicates, giving it flexibility to scale platform acquisitions and execute add-ons without over-reliance on a single blind-pool. This hybrid structure is common among mid-market sponsors that want to align deal-by-deal incentives while maintaining fund-level governance for LPs.

### Which sectors does Gemspring Capital explicitly avoid?

Gemspring has demonstrated no appetite for energy, real estate, financial services, or heavily regulated industries beyond healthcare services. The mandate stays deliberately narrow across technology, business services, and select industrials — a boundary that reflects both the operating team's expertise and the LP base's expectations for sector-specific underwriting rather than generalist exposure.

## Related profiles

- [Gemseki Investment](https://altss.com/profile/gemseki-investment)
- [Genacast Ventures](https://altss.com/profile/genacast-ventures)

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Last updated: 2026-08-11T15:06:49.768Z

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