Highline Capital Management

What Highline Capital Management does

Highline Capital Management, L.P. is a New York City-based private investment adviser founded in 1995, operating a hedge fund platform focused on mid and large capitalization U.S. equities employing both long and short strategies. The firm conducts fundamental research to construct portfolios targeting attractive risk/return profiles, and benchmarks performance against the S&P 500 Index and HFRI Index. The firm is founder-led, with Jacob Doft serving as Founder & CEO, and operates with a lean headcount (11-50 employees) from a single headquarters at 10 East 53rd Street, Floor 11, New York.

The firm's product suite consists of three fund vehicles: Highline Capital Partners, L.P. (the flagship fund, inception July 17, 1995), Highline Select, L.P. (multi-strategy, inception January 1, 2007), and Highline Enhanced, Ltd. (enhanced equity, inception May 1, 2010). All three are organized under the 'Highline Funds' platform and focus on U.S. equities long and short. The firm generates revenue through management fees and incentive fees charged on these funds; all reported fund returns are net of management fees, incentive fees, and all expenses including brokerage commissions.

Distribution is restricted to approved institutional investors and accredited investors, including fund-of-funds, endowments, foundations, family offices, pension funds, and registered investment advisers, accessed via a direct 'Request Access' process requiring accreditation verification under Regulation D. The firm is closed to public marketing and operates with no public distribution channels. Operational infrastructure relies on Morgan Stanley Fund Services USA LLC and Morgan Stanley Fund Services (Bermuda), Ltd. for fund administration, and KPMG LLP for audit. The firm maintains GDPR compliance and anti-money laundering procedures consistent with U.S. Treasury OFAC requirements.

Name

Highline Capital Management

Legal name

Highline Capital Management, L.P.

Website

https://www.highlinecap.com/

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Highline Capital Management is a New York City-based private hedge fund adviser founded in 1995, managing three fund vehicles (Highline Capital Partners, Highline Select, Highline Enhanced) focused on long/short mid and large cap U.S. equities for institutional and accredited investors.

Ownership category

akta.pro rank

Product category

Hedge Fund / Long-Short Equity Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Fundamental/Discretionary Equity Long/Short (FSAHAAAA)

akta.pro secondary industries

Multi-Strategy — Equity L/S + Sector Specialists (FSAHAFAD), Mid-Cap Equity (Active) (FSAAAIAB), Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Long short equity
• Hedge fund management
• Institutional asset management
• Alternative investments
• Fundamental equity research

Headquarters

HQ city

New York

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, Infrastructure, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Highline Capital generates revenue through management fees and incentive fees charged on the Highline Capital Funds (Highline Capital Partners, L.P., Highline Select, L.P., and Highline Enhanced, Ltd.). All returns are presented net of management fees, incentive fees, and all expenses including brokerage and other commissions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Highline Capital Management, L.P. is a New York-based investment firm that manages three hedge fund products—Highline Capital Partners, L.P., Highline Select, L.P., and Highline Enhanced, Ltd.—focused on long and short positions in mid and large capitalization U.S. equities. The firm conducts fundamental research to construct portfolios targeting attractive risk-adjusted returns relative to comparative U.S. equity market indices and charges investors management fees and incentive fees on the funds.

Product overview

Highline Capital Management offers a suite of three hedge fund products: the flagship Highline Capital Partners, L.P. (established 1995), Highline Select, L.P. (established 2007), and Highline Enhanced, Ltd. (established 2010). All three funds employ fundamental research to create portfolios with attractive risk/return profiles, focusing on mid and large capitalization U.S. equities through both long and short positions. The funds collectively represent the Highline Funds investment platform.

Differentiator

Problem solved

Functional benefit

Brands

• Highline Capital Partners, L.P. Primary hedge fund with inception July 17, 1995
• Highline Select, L.P.
• Highline Enhanced, Ltd.

Products and services

• Highline Capital Partners, L.P. Flagship hedge fund of Highline Capital Management performing fundamental research to invest long and short in mid and large capitalization U.S. equities, targeting attractive risk-adjusted returns relative to comparative U.S. equity market indices. Offered to accredited and institutional investors. Inception: July 17, 1995.
• Highline Select, L.P. Multi-strategy hedge fund of Highline Capital Management focused on mid and large capitalization U.S. equities, employing fundamental research to construct portfolios targeting attractive risk/return profiles. Offered to accredited and institutional investors. Inception: January 1, 2007.
• Highline Enhanced, Ltd. Enhanced equity hedge fund of Highline Capital Management focused on mid and large capitalization U.S. equities, using fundamental research to build portfolios with attractive risk-adjusted return profiles. Offered to accredited and institutional investors. Inception: May 1, 2010.

Quantifiable outcome

• Fund returns net of management fees, incentive fees, and all expenses including brokerage and other commissions with dividends reinvested

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Morgan Stanley Fund Services USA LLCcoreImplementation/ SI/ Consulting PartnerMorgan Stanley Fund Services provides fund administration services to the Highline Capital Funds. They act as a data processor under GDPR, handling fund administration, investor services, and financial reporting for the investment manager.
• Morgan Stanley Fund Services (Bermuda), Ltd.coreImplementation/ SI/ Consulting PartnerMorgan Stanley Fund Services (Bermuda) provides fund administration services to Highline Enhanced, Ltd. They serve as a data processor handling investor servicing and fund operations.
• KPMG LLPcoreImplementation/ SI/ Consulting PartnerKPMG LLP serves as the auditor for the Highline Capital Funds. They act as a data processor under GDPR for audit and financial reporting purposes.

Scale indicators3 records

Recent moves5 records

Direct peers

• Greenlight Capital: David Einhorn's long/short equity fund focused on fundamental, value-oriented U.S. equity investing. Comparable in strategy, fee structure and institutional client base.
• Lone Pine Capital: Long/short fundamental equity manager with similar focus on U.S. mid/large cap names. Closest comparable in strategy profile, closed institutional distribution and discretionary research-driven approach.
• Pershing Square Capital Management: Concentrated long-only and long-biased L/S equity manager focused on U.S. large caps. Comparable in fundamental, high-conviction approach and institutional client base, though structure differs (publicly listed).
• Viking Global Investors: Long/short equity manager with focus on U.S. and global mid/large cap names. Comparable fundamental research-driven approach, closed institutional structure and similar client profile.
• Maverick Capital: Long/short U.S. equity manager founded by Lee Ainslie. Similar fundamental research-driven mid/large cap focus and institutional closed-end fund structure.

Broad incumbents

• Point72 Asset Management: Multi-strategy alternatives platform that includes a flagship long/short equity business. Operates at far larger scale with broader product set; directly competes for institutional L/S equity allocations.
• Tiger Global Management: Long/short equity manager with broad U.S. and international tech/generalist exposure. Competes for institutional capital in the long/short equity space, though with a more growth/tech-oriented tilt and recent public-equity hedge fund closures.
• Baupost Group: Long/short value-oriented manager with significant U.S. equity exposure. Similar fundamental research-driven, closed institutional model but with broader flexibility across asset classes.
• Citadel (Citadel LLC): One of the world's largest multi-strategy hedge funds with a significant equities business. Overlaps with Highline on long/short U.S. equities but operates at vastly larger scale and across multiple asset classes.
• Coatue Management: Larger long/short equity and technology-focused hedge fund with overlapping U.S. mid/large cap exposure. Differs in scale, broader sector mandate and heavier tech/AI tilt, but competes for the same institutional allocator dollars.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/highline-capital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments8 records

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

Frequently asked questions about Highline Capital Management