Lone Pine Capital

Last updated
Lone Pine Capital
Company type Private company
Industry Investment fund
Founded1997 (1997)
Founder Stephen Mandel
Headquarters
Greenwich, Connecticut
,
US
Products Hedge fund
AUM US$19 billion
(2025) [1]
Website www.lonepinecapital.com

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]

Contents

History

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] Mandel led the firm until January 2019, when he stepped back from day-to-day activity into a mentorship role with less investment oversight. [5]

As of October 2025, Lone Pine Capital reported $19 billion under management. [1]

Investment strategy

Lone Pine Capital's investment vehicles include the Lone Cypress hedge fund, its flagship fund, and its long-only Lone Cascade strategy. [6] As of 2024, the Cascade strategy held a majority of the firm's assets. [7]

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. [8]

In 2025, Lone Pine launched its Lone Mountain Pine fund, which invests in companies "capable of consistent long-term compounding" and with positions held for five years or longer. [9] Lone Pine committed $500 million of its own capital towards the fund and will begin accepting external investors in January 2026. [1]

References

  1. 1 2 3 "Lone Pine launches concentrated, long-term fund to ride market volatility". Hedge Week. October 22, 2025. Retrieved November 9, 2025.
  2. ↑ "Sign In". www.lonepinecapital.com. Retrieved 2021-06-13.
  3. ↑ Yakowicz, Will (15 March 2019). "College Admissions: How Billionaires (Legally) Pump Millions Of Dollars Into Their Children's Schools". Forbes. Retrieved 22 May 2024.
  4. ↑ Gal, Bradley Saacks, Shayanne. "One of Julian Robertson's Tiger Cubs is at the center of a major market meltdown. Here's a look at the billionaire's sprawling web of hedge fund spinoffs". Business Insider. Retrieved 2021-06-13.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. ↑ Burton, Katherine (28 August 2023). "Lone Pine Clients Pulled About $3 Billion in Span of a Year". www.bloomberg.com. Retrieved 22 May 2024.
  6. ↑ "Lone Pine Makes Back Earlier Losses". Institutional Investor. 2024-10-22. Retrieved 2025-02-14.
  7. ↑ Saacks, Bradley (10 January 2024). "Lone Pine, Steve Mandel's $15 billion hedge fund, bounced back in 2023 following clients pulling out billions". Business Insider. Retrieved 22 May 2024.
  8. ↑ Armental, Maria (8 May 2024). "Lone Pine Capital Resumes Private-Market Investments". WSJ. Retrieved 22 May 2024.
  9. ↑ "Hedge fund Lone Pine launches long-term fund to combat market volatility". Financial Times. October 22, 2025. Retrieved November 9, 2025.
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