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Buyout PE

Alpine Investors

Alpine Investors acquires controlling stakes in established, profitable businesses, from San Francisco, United States. It states a focus on software & internet.

Capital raised$6.7bnacross 16 SEC-filed vehicles
Most recent fund2023filing since 2013
HeadquartersSan Francisco, United States
Stated fund size$18.5B AUM

Stated investment criteria

What Alpine Investors says it buys

Read from Alpine Investors’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesCarve-out2
OfficesSan Francisco1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Alpine Investors states that it takes majority or outright ownership. Nothing here is a commitment by Alpine Investors to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Alpine Investors has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed16
Total capital raised$6.7bn
Largest single vehicle$2.6bn
Filing history2013 to 2023
Smallest accepted commitment$2m
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Alpine Investors is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$19bn
Employees96
Private funds advised16 · $19bn gross
SEC adviser numberCRD 157255

Recorded transactions

Buying and selling

Deals in which Alpine Investors is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2018. 1 recorded acquisition.

CompanySideCounterpartyYearConsideration
Vionic Group LLCSoldCaleres2018$360m
Riverside InsightsBoughtHMH2018$140m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in software & internet.