Altimeter Capital

Altimeter Capital is a prominent technology-focused investment firm based in Menlo Park, California, founded by Brad Gerstner. The firm operates with a dual mandate, managing both public equity funds and dedicated growth-stage private equity funds. This hybrid approach allows Altimeter to invest across the lifecycle of disruptive technology companies, from late-stage private rounds through their public market performance. Their investment philosophy centers on identifying and supporting businesses with significant market potential and strong leadership.

The firm's private equity arm primarily targets growth-stage companies poised for significant scale. Altimeter is known for deploying substantial capital into these opportunities, often leading or co-leading large funding rounds. For instance, their Altimeter Capital Growth Fund III, which closed in 2021, raised an impressive $2.2 billion, following the $1.5 billion raised for Altimeter Capital Growth Fund II in 2020. These considerable fund sizes enable the firm to make significant commitments, with typical first check sizes ranging from $50 million to $250 million, depending on the company's stage and capital needs.

Altimeter Capital has built a robust portfolio of high-profile technology companies, demonstrating their expertise in identifying future market leaders. Notable investments include stakes in Snowflake, Roblox, Grab, Coupang, and Databricks, many of which have gone on to achieve successful public listings or significant valuations. The firm's long-term perspective and deep sector expertise position them as a strategic partner for growth-oriented technology businesses, aiming to accelerate their development and market penetration.