Lone Pine Capital
Lone Pine Capital is a privately-held, SEC-registered investment adviser founded in 1997 by Steve Mandel, managing long-only, long/short equity, and private investments for institutional and high-net-worth investors. The Tiger Cub firm employs 100+ professionals with a 25-year-tenured management committee.
- Company typePrivate
- Founded1997
- HeadquartersGreenwich, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Lone Pine Capital does
Lone Pine Capital is a privately-held, SEC-registered investment adviser founded in 1997 by Steven A. Mandel and headquartered in Greenwich, Connecticut, with an additional office in New York. The firm operates as a "Tiger Cub" with lineage to Julian Robertson's Tiger Management and employs 100+ professionals organized around a centralized, team-based research model. It serves institutional investors, sovereign wealth funds, foundations, endowments, family offices, and high-net-worth individuals through three strategies: Long-Only Equity, Long/Short Equity Hedge, and Private Investments spanning Software, FinTech, Healthcare, and Consumer sectors. Geographic exposure spans the U.S., Europe, and emerging markets (with up to ~25% in emerging markets), and the firm maintains memberships in the Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA), has signed the UN Principles for Responsible Investment (January 2020), and operates a nonprofit subsidiary, the Lone Pine Foundation.
The firm runs an integrated investment platform that combines fundamental qualitative research with a dedicated Data and Risk Analytics team applying quantitative methods across all three strategies. A 25+ member Management Committee with an average tenure exceeding 25 years anchors decision-making, and firm principals invest as the largest investors in the funds, aligning interests with limited partners. The 2019 transition to co-CIOs David Craver and Kelly Granat formalized next-generation stewardship under founder Steve Mandel.
Lone Pine Capital generates revenue through traditional hedge fund and long-only fee structures — management fees on assets under management plus performance fees on fund returns — distributed via direct sales and relationship management to institutional and high-net-worth clients. Specific AUM and revenue figures are not publicly disclosed; the firm reported a 23% gain in 2025.
Lone Pine Capital firmographics
Firmographics- Name
- Lone Pine Capital
- Legal name
- Lone Pine Capital LLC
- Website
- http://www.lonepinecapital.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Lone Pine Capital is a privately-held, SEC-registered investment adviser founded in 1997 by Steve Mandel, managing long-only, long/short equity, and private investments for institutional and high-net-worth investors. The Tiger Cub firm employs 100+ professionals with a 25-year-tenured management committee.
- Ownership category
- akta.pro rank
Lone Pine Capital industry classification
Industry- Product category
- Hedge Fund / Investment Advisory
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA)
- akta.pro secondary industry
- Long/Short Equity & Market Neutral (Active) (FSAAAIAK)
Keywords
Where Lone Pine Capital is headquartered
LocationHeadquarters
- HQ city
- Greenwich
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Lone Pine Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Management Fees: Lone Pine Capital charges management fees calculated as a percentage of assets under management across its Long-Only, Long/Short Equity, and Private Investments strategies. As an SEC-registered investment adviser managing private investment products, fee structures are disclosed in private placement memoranda for qualified investors.
- Performance Fees (Carried Interest): The firm earns performance fees from investment returns generated for the Lone Pine Funds, aligning principal interests with outside investors since principals are collectively the largest investor in the funds.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Lone Pine Capital product offering
Product offeringCore offering
Lone Pine Capital is a research-driven, fundamental equity investment adviser that manages three strategies for institutional and qualified investors: (1) a Long-Only Strategy pursuing long-term capital appreciation through concentrated high-conviction global equities without leverage; (2) a Long/Short Equity Strategy combining concentrated longs with a diversified short portfolio and moderate net exposure; and (3) a Private Investments Strategy taking non-control positions in capital-efficient private companies in Software, Financial Technology, Healthcare, and Consumer sectors. The firm is compensated through management fees on assets under management and performance fees (carried interest) on investment returns, with distribution limited to private placement offerings.
Product overview
Lone Pine Capital offers three integrated investment strategies: Long-Only, Long/Short Equity, and Private Investments. The Long-Only Strategy targets long-term capital appreciation through concentrated high-conviction positions in global equities. The Long/Short Equity Strategy combines concentrated longs with a diversified short portfolio for moderated net exposure. The Private Investments strategy focuses on non-control investments in Software, Financial Technology, Healthcare, and Consumer sectors, leveraging the firm's research capabilities to identify capital-efficient private companies with public market potential.
Differentiator
Problem solved
Functional benefit
Products and services
- Long-Only Strategy
- Long/Short Equity Strategy
- Private Investments Strategy
Quantifiable outcome
- 23% gain in 2025, outperforming broader hedge fund industry averages
- +1 more outcomes
Companies that use Lone Pine Capital
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Lone Pine Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Lone Pine Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- UN Principles for Responsible Investment (UN PRI)coreLone Pine Capital signed the Principles for Responsible Investment on January 22, 2020. Implemented by the United Nations Secretary-General, the Principles reflect the increasing relevance of environmental, social and governance issues to investment practices. The firm integrates financially material ESG factors into its investment process.
- Managed Funds Association (MFA)minorLone Pine Capital is a member of the Managed Funds Association, participating in industry working groups and committees to contribute to hedge fund industry standards and practices.
- Alternative Investment Management Association (AIMA)minorLone Pine Capital maintains membership in the Alternative Investment Management Association, contributing to industry dialogue and best practices in alternative investments.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Lone Pine Capital competitors and assessment
Company assessmentDirect peers
- Viking Global Investors: Viking Global is one of the largest and most successful Tiger Cub funds, founded in 1999 by Andreas Halvorsen, David Ott, and Brian Olson. It runs fundamental long/short and long-only equity strategies with a similar concentration approach, making it the closest comparable peer to Lone Pine.
- Coatue Management: Coatue is a Tiger Cub-founded fundamental equity manager (founded 1999 by Philippe Laffont) running long/short and long-only strategies with significant technology sector exposure. Overlaps directly with Lone Pine on strategy structure, talent lineage, and institutional client base.
- Maverick Capital: Maverick Capital is a Tiger Cub hedge fund founded in 1993 by Lee Ainslie after Tiger Management. It runs fundamental long/short equity with concentrated positions across global markets, directly comparable to Lone Pine's strategy and AUM tier.
- Whale Rock Capital Management: Whale Rock is a Boston-based fundamental long/short equity hedge fund spun out of Tiger Management. Its concentrated, research-driven approach across global equities closely mirrors Lone Pine's investment philosophy and Tiger Cub lineage.
- Pershing Square Capital Management: Pershing Square is a concentrated, fundamental public equity manager running a long-only strategy with activist elements. While not a Tiger Cub, its concentrated value approach and institutional client base make it a comparable fundamental equity peer.
- Greenlight Capital: Greenlight Capital is a fundamental long/short equity fund founded by David Einhorn. Its research-driven, value-oriented approach with concentrated positions makes it comparable to Lone Pine's core Long/Short Equity strategy.
- Baupost Group: Baupost is a large, concentrated value-oriented investment manager running public and private strategies across asset classes. Its multi-strategy structure and fundamental research approach parallel Lone Pine's integrated platform.
Broad incumbents
- Point72 Asset Management: Point72 is a much larger fundamental equity manager founded by Steven A. Cohen. While broader and multi-strategy, its long/short equity core business overlaps directly with Lone Pine and it competes for institutional allocator capital.
- Citadel LLC: Citadel is one of the world's largest multi-strategy hedge funds with a major fundamental equities franchise. While broader in scope, its equities business competes head-to-head with Lone Pine for institutional mandates.
Others
- Tiger Management: Tiger Management is the original Julian Robertson firm from which Lone Pine and most Tiger Cubs spun out. While Tiger Management itself is largely defunct as an investing entity, it is the foundational peer for Lone Pine's investment culture, talent network, and operating model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Lone Pine Capital social profiles
Digital presenceLone Pine Capital compliance and trust
Trust signalCompliance1 record
Lone Pine Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lone Pine Capital leadership team
Management profileNumber of profiles
Profiles10 records
Lone Pine Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lone Pine Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lone Pine Capital M&A and investment
M&A and investmentM&A
Investments55 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lone Pine Capital
What does Lone Pine Capital do?
Lone Pine Capital is a research-driven, fundamental equity investment adviser that manages three strategies for institutional and qualified investors: (1) a Long-Only Strategy pursuing long-term capital appreciation through concentrated high-conviction global equities without leverage; (2) a Long/Short Equity Strategy combining concentrated longs with a diversified short portfolio and moderate net exposure; and (3) a Private Investments Strategy taking non-control positions in capital-efficient private companies in Software, Financial Technology, Healthcare, and Consumer sectors. The firm is compensated through management fees on assets under management and performance fees (carried interest) on investment returns, with distribution limited to private placement offerings.
Is Lone Pine Capital a public or private company?
Lone Pine Capital is a private company. It is classified as management employee owned and is currently operating.
When was Lone Pine Capital founded?
Lone Pine Capital was founded in 1997. It employs 51 to 100 people.
Where is Lone Pine Capital based?
Lone Pine Capital is headquartered in Greenwich, United States, in the North America region.
How does Lone Pine Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees (Carried Interest).
Who are Lone Pine Capital's main competitors?
Direct peers on record are Viking Global Investors, Coatue Management, Maverick Capital, Whale Rock Capital Management, Pershing Square Capital Management, Greenlight Capital and Baupost Group. Broad incumbents are Point72 Asset Management and Citadel LLC. Tiger Management is listed as an others.
Does Lone Pine Capital have an API?
No public API is recorded for Lone Pine Capital.
What industry is Lone Pine Capital in?
Lone Pine Capital's product category is Hedge Fund / Investment Advisory. Its primary akta.pro industry code is FSAHAAAA, Fundamental/Discretionary Equity Long/Short, with a secondary code of FSAAAIAK, Long/Short Equity & Market Neutral (Active). Its NAICS code is 52394 and its SIC code is 6282.