Veteran Lone Pine handling director Paul Eisenstein is beginning his own fintech-focused investing company
- Paul Eisenstein has been an expert for Lone Pine for 13 years, rising to end up being a managing director at the Greenwich, Connecticut-based fund.
- The firm’s third-quarter letter stated that he will leave at the end of the year to begin investing personally in innovation in financial services, “either with his own capital alone or with outside capital also.”
- It is uncertain if Eisenstein strategies to start his own fund or run a family office-like structure. Lone Pine’s letter stated he will mainly concentrate on monetary services.
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After 13 years of earning money for Stephen Mandel Jr., Paul Eisenstein is setting out on his own.
The veteran analyst for Lone Pine Capital will leave the firm at the end of the year, according to the company’s third-quarter letter, and will start investing in “development,” primarily in financial services, which he covered at Lone Pine. The letter said that it may be entirely his own cash, or “with outside capital as well.”
” Paul has actually been an essential factor to our results in financial services and is a highly-respected coworker,” the letter reads.
” We plan to stay in close touch and hope that there will be locations of investment collaboration in the future.”
Lone Pine decreased to talk about if the company prepares to back his new venture. Eisenstein did not respond to ask for comment. According to his LinkedIn profile, Eisenstein has only worked for Lone Pine in his professional career.
The letter did not specify what kind of financial investment vehicle Eisenstein would run. While Lone Pine is opening itself up more to private-market investment s, it still caps the overall quantity of private investments at 5%of its funds’ assets.
Similar to fellow Tiger Cubs like Maverick and Viking Global Investors, Lone Pine has had many alums launch their own funds.
David Stemerman ran Conatus Capital Management for 10 years before closing in 2017 so he might run unsuccessfully for governor in Connecticut, and previous managing director Brian Eizenstat started Dilation Capital this year.