Lone Pine Capital
American hedge fund
From Wikipedia, the free encyclopedia
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.[2]
| |
 Headquarters in Greenwich, Connecticut, US | |
| Type | Private company |
|---|---|
| Industry | Investment fund |
| Founded | 1997 |
| Founder | Stephen Mandel |
| Headquarters | , US |
| Products | Hedge fund |
| AUM | US$19 billion (2025)[1] |
| Website | www |
History
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.[3]
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.[4] Mandel led the firm until January 2019, when he stepped back from day-to-day activity into a mentorship role with less investment oversight.[5]
As of October 2025, Lone Pine Capital reported $19 billion under management.[1]
Investment strategy
Lone Pine Capital's investment vehicles include the Lone Cypress hedge fund, its flagship fund, and its long-only Lone Cascade strategy.[6] As of 2024, the Cascade strategy held a majority of the firm's assets.[7]
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.[8]
In 2025, Lone Pine launched its Lone Mountain Pine fund, which invests in companies "capable of consistent long-term compounding" and with positions held for five years or longer.[9] Lone Pine committed $500 million of its own capital towards the fund and will begin accepting external investors in January 2026.[1]
