Who owns Tree Line Capital Partners

Tree Line Capital Partners - Profile

Tree Line Capital Partners is a private credit manager that lends directly to lower middle market companies in North America, founded in 2014 as a purpose built lower middle market lending platform and run from San Francisco with a New York office. It provides first lien term loans, unitranche term loans, revolvers, delayed draw facilities and equity co-investments to businesses with roughly 5 million to 30 million dollars of EBITDA in transaction sizes up to 150 million dollars, financing acquisitions, recapitalisations, refinancings and growth projects, and it usually acts as agent or sole lender rather than syndicating. The firm reports about 5.5 billion dollars of assets under management and 7.5 billion dollars of commitments issued across 506 companies financed. In January 2026 it closed its fourth flagship direct lending fund at 1.1 billion dollars, the largest raise in its history.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Aflac Incorporated. Written as 40, not 0.40, per the brief's percentage-field convention. No dollar purchase price was disclosed; Aflac separately committed to allocate a portion of its annual investable cash flow to Tree Line over multiple years, on top of the equity stake, but no figure is given for that either. Not named in Aflac's Q2 2026 10-Q or FY2025 10-K. sourcesource 2