ThornTree Capital Partners
ThornTree Capital Partners is a Boston-based, privately-held investment firm founded in 2016 that operates as a fundamental long-short public equity manager, managing capital for institutional investors, family offices, and high-net-worth individuals through a global, sector-agnostic, consumer-thesis-driven strategy.
- Company typePrivate
- Founded2015
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What ThornTree Capital Partners does
ThornTree Capital Partners (TTC) is a Boston-based, privately-held investment firm that operates as a fundamental long-short public equity manager. Founded in 2016 by Mark Moore, a former Senior Partner at Bain Capital Public Equity (Brookside Capital), the firm manages capital for institutional investors, family offices, and high-net-worth individuals through a limited partnership structure (ThornTree Capital Partners LP). The investment approach is global and sector-agnostic, with explicit regional depth in Asia, Western Europe, and Latin America, and is organized around a consumer-centric thesis: identifying companies benefiting from shifting consumer behavior, technological innovation, and competitive dynamics through three investment pillars — unique consumer surplus, aligned management resource allocation, and grounded valuation.
The firm employs a team of eight investment and operating professionals based at 800 Boylston Street in Boston. The senior investment team is composed of Mark Moore (Managing Partner, 22 years' experience), Philip Giampietro (Senior Partner, former CEO of Walden Local and Bain Capital Public Equity sector lead), and Mike Smith (Managing Director, founding member of Bain Capital Tech Opportunities and former Bain Capital Public Equity MD). Supporting functions include Head of IR Dave Curtis (CFA), Head of Capital Markets Kevin Johnson (formerly of Highfields Capital Management), CFO/CCO Jay Scollins (ex-Cormorant Asset Management), and analyst/operations staff. Capital raising is conducted through a dedicated direct-relationship IR motion targeting institutional and family office limited partners.
ThornTree's revenue model follows the standard hedge fund structure of recurring asset-based management fees combined with performance-based incentive fees (carry) on capital managed for LPs. As a closed private partnership, AUM, fees, and revenue figures are not publicly disclosed. The firm does not operate technology products, software platforms, or AI-driven systems; its offering is its investment management services and the intellectual franchise of its team. No funding rounds, M&A transactions, or external institutional ownership stakes are referenced in available materials.
ThornTree Capital Partners firmographics
Firmographics- Name
- ThornTree Capital Partners
- Legal name
- ThornTree Capital Partners LP
- Website
- http://www.thorntreecap.com/
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ThornTree Capital Partners is a Boston-based, privately-held investment firm founded in 2016 that operates as a fundamental long-short public equity manager, managing capital for institutional investors, family offices, and high-net-worth individuals through a global, sector-agnostic, consumer-thesis-driven strategy.
- Ownership category
- akta.pro rank
ThornTree Capital Partners industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA)
- akta.pro secondary industry
- Equity Long/Short — Consumer Focus (FSAHAAAM)
Keywords
Where ThornTree Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ThornTree Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Management Fees: Standard hedge fund/private equity fee structure with management fees and performance fees (carry) from managing capital for institutional and high-net-worth investors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
ThornTree Capital Partners product offering
Product offeringCore offering
ThornTree Capital Partners is a Boston-based fundamental long-short public equity manager that invests globally on a sector-agnostic basis, targeting stock-specific returns across multi-year time frames. The firm manages capital for institutional investors, family offices, and high-net-worth individuals, focusing on companies undergoing structural transformation driven by shifting consumer trends, technology innovation, and competitive dynamics. The investment process emphasizes consumer surplus, management capital allocation alignment, and grounded valuation.
Product overview
ThornTree Capital Partners (TTC) is a Boston-based investment firm offering fundamental long-short public equity investment management services. The firm focuses on global, sector-agnostic investing, targeting opportunities driven by shifting consumer trends, technological innovations, and competitive dynamics. The firm manages capital for partners seeking stock-specific returns across multi-year time frames. No distinct named product modules, sub-brands, or technology products are offered—the firm's primary offering is its investment management services delivered through its team of investment professionals.
Differentiator
Problem solved
Functional benefit
Products and services
- ThornTree Capital Partners Long/Short Equity Fund Fundamental long-short public equity investment management offered as a limited partnership (ThornTree Capital Partners LP) for institutional investors, family offices, and high-net-worth individuals. The strategy is global and sector-agnostic, targeting stock-specific returns across multi-year time frames through companies undergoing structural transformation driven by consumer trends, technology innovation, and competitive dynamics. Investors subscribe as limited partners and the firm earns management fees plus performance-based incentive fees (carry).
Companies that use ThornTree Capital Partners
Customer profileSegments1 record
Ideal customer profiles1 record
ThornTree Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ThornTree Capital Partners partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
ThornTree Capital Partners competitors and assessment
Company assessmentBroad incumbents
- Brookside Capital: Bain Capital's public equity long-short affiliate where Managing Partner Mark Moore spent 15 years and led consumer, technology and EM portfolios. Closely comparable mandate and culture, though materially larger in AUM and institutional reach.
- Balyasny Asset Management: Multi-strategy hedge fund platform where Head of Capital Markets Kevin Johnson previously worked as a derivatives trader. Comparable long/short equity execution capability, though materially larger and multi-strategy.
Direct peers
- Endeavour Capital Advisors: Financial-services-focused equity long-short manager where Head of IR Dave Curtis previously served as Director of Marketing. Comparable boutique size and institutional LP target, with overlapping sector specialization.
- Bogle Investment Management: Market-neutral equity manager where Head of IR Dave Curtis was previously Partner and Director of Client Service. Directly comparable boutique long/short equity shop with institutional client base.
- Highfields Capital Management: Boston-based long-short equity manager where Head of Capital Markets Kevin Johnson previously served as Head Derivatives Trader. Comparable fundamental long/short approach with strong short-side execution focus.
- Cormorant Asset Management: Biotech-focused long-short manager where CFO/CCO Jay Scollins previously served as CFO/COO. Comparable boutique structure with public and private equity fund operations.
- RRH Capital: Small-cap value-focused equity long-short manager where CFO/CCO Jay Scollins previously served as CFO. Directly comparable boutique fundamental long/short shop.
- Crosswind Investments: Multi-manager boutique that spun out of Cowen, where Head of IR Dave Curtis was previously Head of Marketing. Comparable boutique multi-manager structure with institutional LP base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
ThornTree Capital Partners social profiles
Digital presenceThornTree Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
ThornTree Capital Partners leadership team
Management profileNumber of profiles
Profiles9 records
ThornTree Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ThornTree Capital Partners M&A and investment
M&A and investmentM&A
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ThornTree Capital Partners
What does ThornTree Capital Partners do?
ThornTree Capital Partners is a Boston-based fundamental long-short public equity manager that invests globally on a sector-agnostic basis, targeting stock-specific returns across multi-year time frames. The firm manages capital for institutional investors, family offices, and high-net-worth individuals, focusing on companies undergoing structural transformation driven by shifting consumer trends, technology innovation, and competitive dynamics. The investment process emphasizes consumer surplus, management capital allocation alignment, and grounded valuation.
Is ThornTree Capital Partners a public or private company?
ThornTree Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ThornTree Capital Partners founded?
ThornTree Capital Partners was founded in 2015. It employs 1 to 10 people.
Where is ThornTree Capital Partners based?
ThornTree Capital Partners is headquartered in Boston, United States, in the North America region.
How does ThornTree Capital Partners make money?
One revenue line is on record: investment Management Fees.
Who are ThornTree Capital Partners's main competitors?
Broad incumbents on record are Brookside Capital and Balyasny Asset Management. Direct peers are Endeavour Capital Advisors, Bogle Investment Management, Highfields Capital Management, Cormorant Asset Management, RRH Capital and Crosswind Investments.
Does ThornTree Capital Partners have an API?
No public API is recorded for ThornTree Capital Partners.
What industry is ThornTree Capital Partners in?
ThornTree Capital Partners's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHAAAA, Fundamental/Discretionary Equity Long/Short, with a secondary code of FSAHAAAM, Equity Long/Short — Consumer Focus. Its NAICS code is 52394 and its SIC code is 6282.