News

March 4, 2025
LoneTree Closes Inaugural $200M Fund

Growth capital firm's inaugural fund includes investments in Synergy Pet Group, Arkatechture, Northern Light and AllPaid.

New York, NY—March 4, 2025—LoneTree Capital LLC, a New York-based growth capital firm, announced the final close of LoneTree I, its inaugural $200 million growth equity fund, bringing total assets under management of LoneTree and its affiliates to $308 million1. LoneTree I saw strong investor demand with capital commitments from a wide range of institutional investors.

Since LoneTree I began investing in 2023, the fund has made several significant investments, including:

  • Synergy Pet Group, a leading provider of innovative, pet-related employee benefits, tech-enabled services and veterinary software;
  • Arkatechture, a digital platform providing market leading data and insights to the broader banking market;
  • Northern Light, a leading knowledge management solution for competitive intelligence and market research; and
  • AllPaid, a leading provider of municipal payment technology.

LoneTree invests in technology and tech-enabled services companies in high-growth markets. The firm helps management teams accelerate revenue generation and unlock growth by utilizing LoneTree’s flexible capital, go-to-market operational support, full-time M&A support, access to its network of talent and advisors, and an experience set specifically relevant to owner-operated technology companies looking to scale rapidly with a partner.

“Flexible capital paired with LoneTree’s intensive, active support around go-to-market execution and talent management is a clear differentiator in the lower-middle market,” said Matt Koven, Managing Partner of LoneTree. “This approach has already created value for the companies we have backed, and we are pleased it has been so well received by a wide range of investors.”

Koven added, “We are excited to continue to partner with entrepreneurs and management teams to help them transform their businesses into world-class organizations.”

The firm is focused on a concentrated approach to portfolio construction, which entails a curated set of companies, allowing the firm to deliver more significant operational value to each organization. Deploying its significant internal resources, network and extensive experience, the firm helps management teams minimize the execution risks associated with high growth environments.

About LoneTree Capital
Founded in 2021 and headquartered in New York City, LoneTree provides operational and M&A support alongside flexible capital to accelerate revenue growth. The firm enables partner companies—notably, founder-owned bootstrapped businesses, divisions of larger enterprises and formerly venture-backed companies—to achieve their next stage of growth quicker and with a higher level of certainty. For more information on LoneTree, please visit lonetreecap.com.

1 As of March 4, 2025, LoneTree’s regulatory assets under management are $215 million. An additional $93 million is managed by an affiliated entity through special purpose vehicles.