Durable Capital Partners

What Durable Capital Partners does

Durable Capital Partners LP is a privately held investment management firm founded in 2019 and headquartered at 4747 Bethesda Avenue, Bethesda, Maryland. The firm invests in small- and mid-cap companies across both public and private markets, deploying capital across venture and late-stage private rounds, primary public-market IPOs, and secondary public-equity positions. Henry Ellenbogen, formerly a long-tenured portfolio manager at T. Rowe Price, is the Founder, Managing Partner, and Chief Investment Officer, and Courtney Reardon Stewart serves as a director of business operations. The firm is structured as a Limited Partnership and operates as a boutique institutional asset manager with 11-50 employees.

Durable's recent investment activity reveals a concentrated, thesis-driven strategy focused on AI-enabled software, healthcare, energy technology, and consumer/industrial businesses. Check sizes range from $43 million in Series venture rounds (VieCure) to a $250 million lead in Wix.com's private placement and a cornerstone commitment of up to $2.4 billion in Medline's December 2025 IPO. The firm has also built positions in public equities such as Figma, Coupang, RH, Rocket Companies, and ESAB, as disclosed in 13F filings. Durable co-invests alongside high-profile institutional peers including D1 Capital, Greenoaks, Altimeter Capital, Fidelity International, Ontario Teachers' Pension Plan Board, General Catalyst, Conviction, and Spark Capital, and has participated in investor-state arbitration against the Republic of Korea alongside Greenoaks and Altimeter under the U.S.-Korea Free Trade Agreement regarding the treatment of Coupang.

The firm does not sell a software product or operate a technology platform; its revenue model follows standard asset management economics — management fees on assets under management plus potential performance fees on fund returns — applied to institutional and accredited investors. As a private LP, Durable does not publicly disclose AUM, revenue, fee schedules, or LP composition, and the website (durablecap.com) presents only a minimal public profile with privacy disclosures and contact information rather than product or marketing material.

Name

Durable Capital Partners

Legal name

Durable Capital Partners LP

Website

https://durablecap.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Durable Capital Partners is a Bethesda, Maryland-based boutique investment manager founded in 2019 that invests in small- and mid-cap public and private companies, deploying capital across late-stage venture rounds, IPOs, and public equities for institutional and accredited investors.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Secondary Venture Funds (VC Secondaries) (FSANAAAK)

Keywords

• Investment management
• Equity investments
• Private market investing
• Public market investing
• Small cap growth investing

Headquarters

HQ city

Chevy Chase

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Durable Capital Partners LP is an investment management firm that invests in small and mid-cap companies across both public and private markets. The firm deploys capital through venture and growth-stage private rounds, private placements, cornerstone IPO commitments, and active public equity positions, managing capital on behalf of institutional and accredited fund investors.

Product overview

Durable Capital Partners LP is an investment management firm that invests in public and private companies across various stages and sectors. The firm does not offer a technology product platform; rather, it provides investment management services to institutional and accredited investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Durable Capital Partners Fund (Limited Partnership)
• Private Market Investment Participation
• Private Placement Investments
• IPO Cornerstone Investing
• Active Public Equity Portfolio Management

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Expansion highlights5 records

Direct peers

• D1 Capital Partners: D1 Capital Partners is a New York-based investment firm that manages capital across public and private markets with a growth-equity mandate. D1 led Kraken's $1B round in which Durable participated — making it the closest functional peer by mandate, team size, and deal-mix profile.
• Altimeter Capital: Altimeter Capital is a technology-focused investment firm (Brad Gerstner) with a public + private growth mandate. Altimeter co-invested with Durable in Parloa Series C and Baseten Series F, and joined Durable in the Korean Coupang arbitration — an extremely close functional match.
• Tiger Global Management: Tiger Global operates a public-equity long/short fund alongside late-stage venture investing, replicating the same 'public + private' toolkit as Durable. Comparable on theme (internet/software/AI growth), small-team operating model, and cross-stage flexibility.
• Coatue Management: Coatue is a tech-focused investment firm that manages public equities alongside private growth investments with an AI/software thesis that closely mirrors Durable's portfolio orientation and mixed-mandate structure.
• Greenoaks Capital Management: Greenoaks is a technology-concentrated investment firm with public and private mandates. Greenoaks co-joined Durable and Altimeter in the Korean Coupang arbitration, evidencing shared positioning across US growth equities and activist posture.
• General Catalyst: General Catalyst is a multi-stage venture and growth firm expanding into public-markets capability. It co-invested with Durable in Parloa's Series C, positioning it as a peer bridging venture and growth-equity mandates — overlapping meaningfully on Durable's growth-stage AI focus.
• Lone Pine Capital: Lone Pine Capital runs a long/short public-equity book with growth-tilt, alongside private investments in technology and consumer companies — comparable to Durable's mixed public/private mandate and growth orientation.

Broad incumbents

• Sequoia Capital: Sequoia Capital is a top-tier global venture firm with both early- and late-stage vehicles spanning public and private growth companies. As a broad incumbent, it represents the upper-bound scale benchmark Durable is positioning toward and overlaps on multiple growth-stage deals.
• Lightspeed Venture Partners: Lightspeed is a multi-stage venture firm with dedicated US growth and international vehicles. It overlaps with Durable's growth-stage AI and enterprise software investing at broader scale and a longer historical track record.

Others

• T. Rowe Price Investment Management: T. Rowe Price is the public-markets asset manager where founder Henry Ellenbogen built his growth track record over 22 years. Not a direct competitor, but the institutional brand and growth-mandate DNA at T. Rowe Price shaped Durable's investment style and LP trust pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments92 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Durable Capital Partners