LONE PINE CAPITAL

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Lone Pine Capital was started in 1997 by Steven Mandel, formerly a managing director and analyst at Tiger Management for a period of 7 years. According to the December 4, 2006 issue of Barron's, Mandel now manages $8 Billion and has returned over 25% annually since his fundรขโ‚ฌโ„ขs inception. Mandel made an appearance in Institutional Investor as one of the top paid hedge fund managers of 2005. Stephen Mandel Jr., the low-key president and founder of Greenwich, Connecticutรขโ‚ฌโ€œbased Lone ... Pine Capital, returns a paltry 166 hits. Buying Google shares, however, has generated huge returns for many hedge fund managers, including Mandel. In 2005 the former Tiger Management Corp. retailing and consumer stock analyst made at least $500 million on his investment in the Mountain View, Californiaรขโ‚ฌโ€œbased search engine giant, his second-largest holding at year-end. That helped the 50-year-old long-short equity manager, who founded Lone Pine in 1997, break into the top ten hedge fund moneymakers. Mandel is arguably the most successful of the Tiger cubs who left legendary founder Julian Robertson Jr. to start their own funds. Last year his funds, which he names after trees, continued to rack up impressive returns. Lone Cypress was up 32 percent before fees, and Lone Kari surged 34 percent before fees. Mandelรขโ‚ฌโ„ขs new long-only fund, Lone Cascade, was up 27 percent. Neither a growth nor a value investor, Mandel looks for good companies run by good people, with stock valuations below what he deems to be their intrinsic value. This search has taken him to high-fliers like Google as well as to homebuilders and foreign banks. Almost half of his assets are invested in non-U.S. stocks. Mandel has 12 investment professionals searching for ideas globally in seven broad industry groups รขโ‚ฌโ€ consumer, financial, health care, tele- communications and media, technology, business services and industrials."

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LONE PINE CAPITAL

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Industry:
Finance Hedge Funds Venture Capital

Founded:
1997-01-01

Status:
Active

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Current Employees Featured

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Stephen Mandel
Stephen Mandel Founder & Managing Director @ Lone Pine Capital
Founder & Managing Director
1997-01-01

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Jason Cohen
Jason Cohen Chief Compliance Officer @ Lone Pine Capital
Chief Compliance Officer
2018-03-01

Founder


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Stephen Mandel

Investments List

Date Company Article Money raised
2022-06-17 Grove Collaborative Lone Pine Capital investment in Post-IPO Equity - Grove Collaborative 86 M USD
2022-01-27 Skims Lone Pine Capital investment in Series B - Skims 240 M USD
2021-12-19 Razorpay Lone Pine Capital investment in Series F - Razorpay 375 M USD
2021-12-16 Cockroach Labs Lone Pine Capital investment in Series F - Cockroach Labs 278 M USD
2021-11-17 Benchling Lone Pine Capital investment in Series F - Benchling 100 M USD
2021-11-17 Airwallex Lone Pine Capital investment in Series E - Airwallex 100 M USD
2021-11-15 Daily Harvest Lone Pine Capital investment in Series D - Daily Harvest 77 M USD
2021-10-24 Groww Lone Pine Capital investment in Series E - Groww 251 M USD
2021-10-13 Grin Lone Pine Capital investment in Series B - Grin 110 M USD
2021-10-05 Orca Security Lone Pine Capital investment in Series C - Orca Security 340 M USD

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