Lone Pine Capital | |
Type: | Private company |
Founder: | Stephen Mandel |
Location City: | Greenwich, Connecticut |
Location Country: | US |
Key People: | Stephen Mandel, president |
Industry: | Investment fund |
Products: | Hedge fund |
Aum: | US$15.2 billion (August 2023) |
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.[1]
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.[2]
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.[3]
As of August 2023, Lone Pine Capital reported $15.2 billion under management.[4]
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]