# Lone Pine Capital: portfolio, investments and team

> Lone Pine Capital is a private equity based in United States. 14 investments on record, 1 in the last 12 months, latest Jul 2026.

Source: https://millionrounds.com/fund/lone-pine-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Lone Pine Capital

Last cheque observed Jul 2026; 14 cheques on record.

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Deploying now New fund $100M, Mar 2026 Private equity

Seed Series A Series B Security Wireless

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 14 on record

Since the last cheque **107** days **00** hrs **00** min **00** sec

Median round **$260M** Rounds led **4 of 14** Mostly in **United States, 86%**

Pitch Lone Pine Capital

## Lone Pine Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series D and Series E: 69% of its rounds
- 03 Led 4 rounds

## What they do

> We are a research-driven fundamental equity investment firm that serves our global partners From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Security Wireless
- **Based in:** Greenwich, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **14 appearances**

- **2026** 1 round
- **Jul** **[Fireworks AI](https://millionrounds.com/company/fireworks-ai)** Series D · US · Menlo Ventures **$1.5B** With 12 others
- **2025** 1 round
- **May** **[Airwallex](https://millionrounds.com/company/airwallex)** Series F · US · Crunchbase News **$300M** With 8 others
- **2019** 7 rounds
- **Nov** **[Convoy](https://millionrounds.com/company/convoy)** Series D · US · FinSMEs **$400M** With 5 others
- **Sept** **[Sweetgreen](https://millionrounds.com/company/sweetgreen)** Growth · US · Firms' own news pages **$150M** *Led*
- **Sept** **[Grove Collaborative](https://millionrounds.com/company/grove-collaborative)** Series D · US · FinSMEs **$150M** *Led*
- **May** **[TransferWise](https://millionrounds.com/company/transferwise)** Series E · GB · TechCrunch **$292M** *Led*
- **May** **[Marqeta](https://millionrounds.com/company/marqeta)** Series E · US · FinSMEs **$260M** With 4 others
- **May** **[Away](https://millionrounds.com/company/away)** Series D · US · TechCrunch **$100M** With 3 others
- **Apr** **[Outreach](https://millionrounds.com/company/outreach)** Series E · US · Outreach **$114M** *Led*
- **2018** 1 round
- **Sept** **[Convoy](https://millionrounds.com/company/convoy)** Series C · US · Bloomberg **$185M** With 3 others
- **2017** 1 round
- **Nov** **[NIO](https://millionrounds.com/company/nio)** CN · China Money Network **$1.0B** With 3 others
- **2014** 1 round
- **Dec** **[Uber](https://millionrounds.com/company/uber)** Series E · US **$1.2B** With 4 others
- **2008** 1 round
- **Mar** **[Nanosolar](https://millionrounds.com/company/nanosolar)** Series D · US · news.cnet.com **$300M** With 10 others
- **2001** 1 round
- **Jan** **[Phylos](https://millionrounds.com/company/phylos)** Series B · US **$25M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **9 named**

BF **Brian Francis Doherty** Managing Director, Head Trader i Form ADV

DF **David Francis Craver** Managing Director i Form ADV

JR **Jason Robert Cohen** Chief Compliance Officer i Form ADV

JH **Jeffrey Howard Wechselblatt** General Counsel i Form ADV

KA **Kelly Ann Granat** Managing Director i Form ADV

KA **Kerry Ann Tyler** Managing Director, Chief Operating Officer i Form ADV

ME **Mary E Mcdonnell** Managing Director, CFO i Form ADV

SF **Stephen Frank Mandel** Managing Director i Form ADV

SM **Stephen Mandel, Jr.** Managing Member of the Managing Member i Filing they signed

We also hold **17** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$22B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** LONE PINE Capital LLC
- **SEC number:** CRD 156602

Funds on its Form ADV

**11** private funds, **$23B** in gross assets · filed Sept 2024

Hedge **9** Private equity **2**

- Lone Cascade, L.P. *Hedge* 662 investors $10B
- Lone Cypress, LTD. *Hedge* 2 investors $5.8B
- Lone Redwood, L.P. *Hedge* 382 investors $3.4B
- Lone Cedar Intermediate Fund, LTD. *Hedge* 4 investors $1.3B
- Lone Cedar, LTD. *Hedge* 119 investors $1.2B
- Lone Sierra, L.P. *Hedge* 50 investors $344M
- Lone Monterey Master Fund, LTD. *Hedge* 4 investors $291M
- Lone Monterey, LTD. *Hedge* 35 investors $261M
- Lone Spruce, L.P. *Hedge* 52 investors $133M
- Lone Baccata Opportunities Fund 2024-I, L.P. *Private equity* 5 investors $105M

And 1 more on the filing.

New fund on file

**$100M**

raised in Mar 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$260M** the round, not its cheque

Led 4 of 14 rounds **29%**

- **Sole investor:** Never alone
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Series D *5*
- Series E *4*
- Series B said *1*
- Growth said *1*
- Series F *1*
- Series C *1*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) 3
- [Mayfield Fund](https://millionrounds.com/fund/mayfield) 2
- [Vitruvian Partners](https://millionrounds.com/fund/vitruvian-partners) 2

**Pitching Lone Pine Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Lone Pine Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Baillie Gifford** Asset manager **3** rounds together](https://millionrounds.com/fund/baillie-gifford)[**Mayfield Fund** VC firm **2** rounds together](https://millionrounds.com/fund/mayfield)[**Vitruvian Partners** VC firm **2** rounds together](https://millionrounds.com/fund/vitruvian-partners)

## Recently backed

The latest companies Lone Pine Capital put money into.

[**Fireworks AI** $1.5B · Jul 2026](https://millionrounds.com/company/fireworks-ai)[**Airwallex** $300M · May 2025](https://millionrounds.com/company/airwallex)[**Convoy** $400M · Nov 2019](https://millionrounds.com/company/convoy)[**Sweetgreen** $150M · Sept 2019](https://millionrounds.com/company/sweetgreen)[**Grove Collaborative** $150M · Sept 2019](https://millionrounds.com/company/grove-collaborative)[**Marqeta** $260M · May 2019](https://millionrounds.com/company/marqeta)

## Mentioned on podcasts

Episodes that name Lone Pine Capital in their description, not their title.

- [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 11 Mar 2025 · 1h 29m Kelly Granat - Investing At Lone Pine - [Invest Like the Best, EP.414] Mentions [Lone Pine Capital](https://millionrounds.com/fund/lone-pine-capital) Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 20 Jan 2022 · 44 min Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27) Mentions [Lone Pine Capital](https://millionrounds.com/fund/lone-pine-capital)[Steve Mandel](https://millionrounds.com/person/steve-mandel) Apple PodcastsShow page
- [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 20 Jul 2021 · 1h 13m Steve Mandel - Investing Behind Change - [Invest Like the Best, EP. 235] With [Steve Mandel](https://millionrounds.com/person/steve-mandel) Mentions [Lone Pine Capital](https://millionrounds.com/fund/lone-pine-capital) Apple PodcastsShow page

## Quick answers about Lone Pine Capital

### What does Lone Pine Capital invest in?

Lone Pine Capital invests most often at Series D and Series E (69% of the rounds on record), in sectors such as Security and Wireless.

### How active is Lone Pine Capital?

14 investments on record, 1 of them in the last 12 months, and it led 4. The most recent was in Jul 2026.

### What has Lone Pine Capital invested in recently?

Its most recent investments on record: Fireworks AI (Series D, Jul 2026), Airwallex (Series F, May 2025) and Convoy (Series D, Nov 2019).

### How big are Lone Pine Capital's cheques?

The median round it joins is $260M.

### Does Lone Pine Capital lead rounds?

Yes: it led 4 of its 14 investments on record (29%).

### Where does Lone Pine Capital invest?

Most of the companies it backs are in the United States (86%), the United Kingdom (7%) and China (7%).

### Is Lone Pine Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Lone Pine Capital invest alongside?

Most often Baillie Gifford (3 rounds together), Mayfield Fund (2 rounds together) and Vitruvian Partners (2 rounds together).

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