Company type | Private company |
---|---|
Industry | Investment fund |
Founded | 1997 |
Founder | Stephen Mandel |
Headquarters | , US |
Key people | Stephen Mandel, president |
Products | Hedge fund |
AUM | US$15.2 billion (August 2023) [1] |
Website | www |
Lone Pine Capital is an American-based hedge fund and investment advisor headquartered in Greenwich, Connecticut. The firm has offices in London, New York City, and San Francisco. [2]
Lone Pine Capital was established in 1997 by its president and portfolio manager, Stephen Mandel. The firm was named after a pine tree on the Dartmouth College campus that survived a lightning strike in 1887. [3]
Mandel previously worked for Julian Robertson at the firm Tiger Management, making Lone Pine one of the 30 or more so-called "Tiger Cubs", funds founded by managers who started their investment careers with Tiger Management. [4]
As of August 2023, Lone Pine Capital reported $15.2 billion under management. [1]
Lone Pine Capital's investment vehicles include the Cypress hedge fund, its flagship fund, and its long-only Cascade strategy. As of 2024, the Cascade strategy held a majority of the firm's assets. [5]
Between 2021 and 2023, the firm shifted its focus to investments in publicly traded companies, but resumed private investments in April 2024 when it acquired a minority stake in Canva and Spotnana Technology. [6]
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