# Spring Capital

Spring Capital is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Timonium, MD, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** www.springcap.com
- **LinkedIn:** https://www.linkedin.com/company/spring-cap

## About

Spring Capital is an SEC-registered investment adviser in Boston, MA, registered since 2020. The firm manages approximately $425 million in regulatory assets. It has 16 employees and 10 investment advisers.

## Sectors

- Enterprise Software
- Healthcare Services
- Industrial Tech
- Media & Entertainment
- Real Estate
- Cybersecurity
- Mobility & Transportation

## Offices

- Philadelphia, PA, United States

## Questions

### How does Spring Capital's SBIC license affect its investment approach?

Spring Capital's fourth fund operates as a Small Business Investment Company licensed by the US Small Business Administration. The SBIC license provides access to federally guaranteed leverage, lowering its cost of capital and enabling it to offer patient, flexible terms to smaller companies. It also subjects the firm to SBA regulations on investment size and portfolio composition.

### Does Spring Capital participate in fund commitments or only direct deals?

Spring Capital invests directly into operating companies. The firm provides junior capital solutions — sub debt and minority equity — for growth, acquisitions, management buyouts, and recapitalizations. It does not market itself as making commitments to external funds.

### Where does Spring Capital invest geographically?

Spring targets growing small and medium-sized businesses throughout the United States. Current portfolio companies are located in over 20 states, with notable concentrations in the Mid-Atlantic, Midwest, and Southeast, and select positions on the West Coast and in Texas.

### What is Spring Capital's relationship with its portfolio companies' management teams?

Spring positions its capital as less dilutive than pure equity and more flexible than senior bank debt. The firm states that its principals have decades of experience across venture capital, commercial banking, investment banking, and operating roles, and that they tailor investment structures to each company's needs rather than applying a standard term sheet.

## Related profiles

- [Spring Camp](https://altss.com/profile/spring-camp)
- [SpringCapital Investment](https://altss.com/profile/springcapital-investment)

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Last updated: 2026-06-03T20:00:00.000Z

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