/Investor DB

Alpine Investors

Private equity

San Francisco · Growth · 8 people tracked

Also known as ALPINE MANAGEMENT SERVICES III, LLC

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Investment thesis

Alpine Investors believes that enduring businesses are built through investment in people and culture-first leadership. The firm targets transitions and scaling opportunities, including privately-owned businesses requiring leadership modernization and corporate carveouts, emphasizing thoughtful growth execution and operational value creation through its Atlas team. The firm's PeopleFirst philosophy operationalizes the belief that exceptional talent drives exceptional investment outcomes.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
Check
$1M – $50M
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2001
Last 12 months
1 investment
AUM
$18.9B
Tracked investments
35

Team · 8 people

from curated & public directories
Daniel Sanner· Executive Officer
Graham C. Weaver· Executive Officer
Mark S. Strauch· Executive Officer
Matt Moore· Executive Officerin
William Adams· Executive Officer
William Maguy· Executive Officer

8 people who came through Alpine Investors went on to found or lead other companies.

What they invest in

from 15 of 35 portfolio companies

SaaS ×8Enterprise Software ×7Healthtech ×6Digital Health ×5AI & Machine Learning ×2B2B Marketplaces ×2Construction Tech ×2Consumer ×2

HQs:United States×7

Investments · 35 tracked

founders shown can be your intro path

By year:2026 · 12024 · 12021 · 13 dated

Alpinesgalpinesg.comin✓ verified

ASG acquires and operates mission-critical software and tech-enabled services businesses across more than 15 verticals, transforming them into AI-native companies with deployable engineering, talent, and go-to-market support.

AI & Machine LearningEnterprise SoftwareSaaS

Mark Strauch(Board Member & Co-Founder)inBilly Maguy(Board Member & Co-Founder)inJake Brodsky(Board Member & Co-Founder)inSteve Reardon(CEO)inJamie Linden(President)inMegan Land(COO)in

Co-investorsV1 VC

Antelopepetsantelopepets.com✓ verified

Antelope is a portfolio company that owns and operates multiple pet care brands offering natural food, treats, supplements, and wellness products for dogs.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Wendy Wen(Founder and CEO)

Co-investorsSilicon Ventures

Actablactabl.comin𝕏

Actabl provides hotel management software designed to help properties improve operational efficiency and profitability.

Enterprise SoftwareSaaSTravel & Hospitality

Steven Moore(Chief Executive Officer)inAndrew Arthurs(President & Chief Operating Officer)inJoseph Benjamin(Chief Technology Officer)in

Aspen Standard Wealthaspenstandardwealth.comin

Aspen provides a decentralized model for independent registered investment advisors (RIAs) that preserves founder independence and autonomy while offering firm-level resources and operational support.

Enterprise SoftwareFintech

Aly Kassim-Lakha(CEO)inKevin DiSano(President)in

Axcel Learningaxcel-learning.comin

Axcel Learning operates a portfolio of mission-driven professional education and training companies across Technology, Architecture, Engineering, Construction, and Healthcare sectors.

EdTechEnterprise SoftwareFuture of WorkHR TechSaaS

Co-investorsInverness

Dynamo Softwaredynamosoftware.comin𝕏

Dynamo Software provides a configurable, cloud-based investment management platform for the alternative investments industry, serving fund managers, institutional investors, and service providers.

Cloud ComputingFintechSaaS

Krassen Draganov(Founder & Chief Product Officer)inHank Boughner(CEO)in

Co-investorsBlackstoneFrancisco PartnersABS Capital PartnersDnx VenturesiGlobe PartnersJMI Equity+4 more

Malama Healthheymalama.coin𝕏Seed · Feb 2026

Malama develops a digital health platform for managing gestational diabetes in pregnancy, providing data tracking, pattern analysis, and clinical support to reduce adverse maternal outcomes and progression to Type 2 diabetes.

Digital HealthFemTechHealthtechSan Francisco, US

Mika Eddy(Founder)inOrlando Li(Founder)inDaniela Bahamon ArangoinShalmali Banein

BoardVeenu Aulakh(Director)in

Co-investorsCoyote VenturesSamsung NextThe 23 FundY CombinatorAcumenAcumen America+4 more

Medusindmedusind.comin

Medusind provides end-to-end revenue cycle management (RCM) solutions for medical practices, combining billing technology with expert services to optimize revenue collection while freeing practitioners to focus on patient care.

Digital HealthEnterprise SoftwareHealthtechSaaS

Jose Rivero(Chief Executive Officer)inAnirban Sinha(Chief Financial Officer)Mike Summers(Executive Vice President, Account Management)Adam FitzGerald(Sr. Vice President, Dental and Strategic Initiatives)inSanoj Balakrishnan(Chief Technology Officer)inRaju Siva(Chief AI Officer)

Co-investorsH.I.G. Capital

Midwest Vision Partnersmidwestvision.comin

Midwest Vision Partners operates a network of eye care practices across the Midwest, bringing together physicians and support staff to deliver comprehensive vision care services.

B2B MarketplacesHealthtechMedical DevicesChicago, US

Optima Dermatologyoptimadermatology.comin𝕏

Optima Dermatology is a dermatology practice offering medical, surgical, and cosmetic skin care services, treating conditions ranging from acne and eczema to skin cancer.

HealthtechWellness & FitnessBedford, US

Radicle Healthradicle-health.comin

Radicle Health provides electronic health record and human services technology solutions designed for human services agencies, behavioral health providers, and community organizations.

Digital HealthHealthtechMental HealthSaaS

Marlowe Greenberg(Founder (Foothold Technology, acquired/integrated))inRich Scanlon(Chief Executive Officer)in

Riverside Insightsriversideinsights.comin

Riverside Insights provides assessment and diagnostic tools for K-12 education, helping educators identify and support gifted and talented students through cognitive, achievement, and behavioral assessments.

AI & Machine LearningData & InfrastructureDigital HealthEdTech

TEAM Services Groupteamsvc.cominOct 2021

TEAM Services Group partners with home care agencies and household employment solutions providers to support their growth and operations.

Digital HealthEnterprise SoftwareHealthtechHR TechSaaS

Rachel Green(Chief Executive Officer)inCullen Knights(President)inJosh Greenberg(Executive Chairman)in

Co-investorsAea InvestorsGeneral Atlantic

Trilon Grouptrilon.cominApr 2024

Trilon provides integrated water and environmental solutions for infrastructure including drinking water systems, wastewater treatment, stormwater management, and coastal protection.

CleantechClimate TechConstruction TechEnterprise SoftwareImpact & Social GoodLogistics & Supply ChainMobility & Transportation

Vertex Service Partnersvertexservicepartners.com

Vertex Service Partners acquires and operates residential roofing companies across the United States, providing marketing, training, systems, talent acquisition, and financial services to help partner companies grow and operate more efficiently.

B2B MarketplacesConstruction TechConsumerSaaS

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AirdnaAlpinexAntelopeApex Service PartnersAscendAsgAspenCanopy Service PartnersCarhopCobalt Service PartnersEftgEvergreen Services GroupGuardian Restoration PartnersIngenioLeofmLyra Technology GroupMosaic Service PartnersOakline PropertiesOrion GroupPredictis

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 5

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
Alpine Investors IXLPs: Oregon Public Employees Retirement System, Los Angeles County Employees Retirement Association, South Carolina Retirement System Investment Commission2023——1.11x0.00x
Alpine IXLPs: Teachers' Retirement System of Oklahoma2023——1.10x0.00x
Alpine Investors VIIILPs: Oregon Public Employees Retirement System2021—16.7%1.50x0.03x
Alpine Investors Fund VIILPs: West Yorkshire Pension Fund———2.65x1.78x
Alpine Investors Fund VIIILPs: West Yorkshire Pension Fund———1.46x0.07x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Alpine Investors made?
Alpine Investors has 35 tracked investments, including 1 dated in the last 24 months.
What stage does Alpine Investors invest at?
Alpine Investors invests at the Growth stage.
What is Alpine Investors's typical check size?
Alpine Investors typically writes checks of $1M – $50M.
What sectors does Alpine Investors focus on?
Alpine Investors focuses on Enterprise Software, SaaS, Sector Agnostic.
Where is Alpine Investors located?
Alpine Investors is headquartered in San Francisco, US.
Does Alpine Investors lead rounds?
Alpine Investors typically participates in rounds rather than leading them.
Who does Alpine Investors co-invest with?
Alpine Investors most often shares deals with ABS Capital Partners, Dnx Ventures, iGlobe Partners, among 9 tracked co-investors.

Media · Podcasts & interviews

from their channel

The Four AI Truths That Will Define The Next Decade

Alpine Investors

Expanding the View: The Window Expert, Jeff Ludy, Unlocks the Next Stage of Growth

Alpine Investors

Restoring Balance: Midwest Restoration Builds for What’s Next

Alpine Investors

How PeopleFirst Powers Growth at Ascend

Alpine Investors

How Evergreen Builds Lasting Homes for Founder-Owned IT Businesses

Alpine Investors

How Applying the Principles of Lean Manufacturing Transformed Alpine

Alpine Investors

Images

Alpine Investors photoAlpine Investors photo

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