Gainline Capital Partners Closes Oversubscribed Single-Asset Continuation Fund to Strengthen Partnership with Core Health & Fitness
StepStone Group (Nasdaq: STEP) served as sole lead investor in Gainline Capital Partners' oversubscribed single-asset continuation fund for Core Health & Fitness, a global commercial fitness equipment platform. The structure gives existing Gainline investors a liquidity option while raising follow-on capital for Core's growth and global expansion; Core's brand portfolio spans StairMaster, Nautilus, Star Trac, Schwinn, Throwdown, Wexer and Gym Rax, sold across more than 75 countries. No fund size or valuation was disclosed.
Key figures
- Stepstone aum
- $245 billion
- Fund structure
- single-asset continuation fund
- Stepstone role
- sole lead investor
- Core countries served
- 75+
- Stepstone total capital
- $913 billion
AI analysis
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