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Celebrating
20 Years

Of People-Driven
private equity

What an adventure. As we look back on two decades of incredible learnings and accomplishments, we’re so proud of how we’ve evolved. But so much remains the same. We continue to be a firm that supports and empowers people, leads with unwavering character and seeks continuous improvement, and strives to be a force for good.

Click here to see our growth

$50+ Million

Total Committed Capital

2001

$50+ Million

Total Committed Capital

2002

$120+ Million

Total Committed Capital

2003

$120+ Million

Total Committed Capital

2004

$120+ Million

Total Committed Capital

2005

$240+ Million

Total Committed Capital

2006

$240+ Million

Total Committed Capital

2007

$240+ Million

Total Committed Capital

2008

$240+ Million

Total Committed Capital

2009

$240+ Million

Total Committed Capital

2010

$500+ Million

Total Committed Capital

2011

$500+ Million

Total Committed Capital

2012

$500+ Million

Total Committed Capital

2013

$500+ Million

Total Committed Capital

2014

$900+ Million

Total Committed Capital

2015

$900+ Million

Total Committed Capital

2016

$1.4+ Billion

Total Committed Capital

2017

$1.4+ Billion

Total Committed Capital

2018

$2.4+ Billion

Total Committed Capital

2019

$2.8+ Billion

Total Committed Capital

2020

$2.8+ Billion

Total Committed Capital

2021
Fund 1
$54 Million
Fund 2
$68 Million
Fund 3
$125 Million
Fund 4
$262 Million
Fund 5
$406 Million
Fund 6
$532 Million
Fund 7
$1.0 Billion
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2001
Year Stats
1
Fund Raised
3
Alpine Employees
1
Total Investments

Milestones

  • Alpine founded in Graham Weaver’s dorm room
  • Raised our first fund
  • Will Adams becomes one of Alpine’s first employees

Why I Started Alpine

2002
Year Stats
1
Funds Raised
3
Alpine Employees
4
Total Investments

Milestones

  • Dino’s pizzeria enacted as one of Alpine’s first offices (alongside bay area dining room tables, Chinese restaurants, and shopping malls)
  • Dan Sanner joins Alpine full time and then immediately moves cross-country to save a business

Our Beginning Days

2003
Year Stats
2
Funds Raised
4
Alpine Employees
6
Total Investments

Milestones

  • Raised our 2nd Fund
  • Alpine backs Josh Greenberg and John Fowler, our first CEOs-in-Residence (“CIR”), to buy Aero Logistics
  • Billy Maguy joins the Alpine partnership

Billy Maguy Leadership Profile

2004
Year Stats
2
Funds Raised
5+
Alpine Employees
9
Total Investments

Milestone

  • Lease our first real office in San Francisco’s financial district – includes 1 whole room!
  • Alpine brings on its first part-time employee, joining the Accounting team. Graham no longer writes all checks or travels to the bank twice a week
2005
Year Stats
2
Funds Raised
5+
Alpine Employees
11
Total Investments

  • Alpine purchases largest company to date, buying majority stake in AGS
2006
Year Stats
3
Funds Raised
5+
Alpine Employees
15
Total Investments

Milestones

  • Raised our 3rd Fund
  • Our first intern, Matt Picciano, joins Alpine
  • Alpine completes its first exit, selling Interprintalpine completed first exit of CEO-in-Residence backed company, Aero Logistics.
2007
Year Stats
3
Funds Raised
5+
Alpine Employees
21
Total Investments

  • Alpine completes its first exit of CEO-in-Residence backed company, Aero Logistics
2008
Year Stats
3
Funds Raised
5+
Alpine Employees
25+
Total Investments

Milestones

  • Mark Strauch joins Alpine as a CEO-in-Residence (CIR)
  • Alpine buys its first software business, WebEquity
  • Alpine invests in YDesign and brings in CIR, Sean Callahan

Mark Strauch Leadership Profile

2009
Year Stats
3
Funds Raised
5+
Alpine Employees
25+
Total Investments

Milestone

  • Survived the Great Financial Crisis
2010
Year Stats
3
Funds Raised
5+
Alpine Employees
25+
Total Investments

  • Alpine engages consulting and coaching firm CEO2, the predecessor of Alpine’s PeopleFirst Program
2011
Year Stats
4
Funds Raised
5+
Alpine Employees
30+
Total Investments

Milestones

  • Raised our 4th Fund
  • Celebrated our 10th birthday!

What Is PeopleFirst?

2012
Year Stats
4
Funds Raised
10+
Alpine Employees
40+
Total Investments

Milestone

  • Mark Strauch joins the Alpine partnership after successfully running and exiting an Alpine portfolio company
2013
Year Stats
4
Funds Raised
10+
Alpine Employees
40+
Total Investments

Milestones

  • Welcome our first-ever CEO-in-Training class – a group of three recent business school graduates joining as management positions in three portfolio companies
  • Host our first Growth Summit – a leadership event for our portfolio company leaders
2014
Year Stats
4
Funds Raised
10+
Alpine Employees
45+
Total Investments

Milestones

  • Founder Graham Weaver fulfills lifelong goal of becoming a lecturer at Stanford GSB

"Setting Goals: Demystified" - Graham Weaver

2015
Year Stats
4
Funds Raised
15+
Alpine Employees
50+
Total Investments

Milestones

  • Raised our 5th Fund (and double our fund size)
  • Form TEAM Services Group, our new home health platform
  • Tom Voccola and Frances Fuji receive the Alpine Lifetime Achievement Award

Watch Video

2016
Year Stats
5
Funds Raised
20+
Alpine Employees
60+
Total Investments

Milestones

  • Create Alpine Software Group (ASG), a vertical SaaS software platform that buys, builds, and operates software businesses
  • Also form Lightwave Dental, a multi-site dentistry platform

ASG: "Mind The Gap - Software Investing Between Venture and Traditional Buyout"

2017
Year Stats
6
Funds Raised
25+
Alpine Employees
70+
Total Investments

Milestones

  • Raised our 6th Fund (and doubled our fund size… again)
  • Former Alpine intern, Jeff Totten, branches off to create Evergreen Services Group – a managed IT services platform
  • Became a top applied job amongst MBA students at the Stanford Graduate of Business
2018
Year Stats
6
Funds Raised
30+
Alpine Employees
120+
Total Investments

Milestones

  • Became a certified Great Place to Work
  • Invest in our 30th software business!
2019
Year Stats
7
Funds Raised
50+
Alpine Employees
170+
Total Investments

Milestones

  • Raised our 7th Fund (and doubled our fund size…again)
  • Double our employee headcount
  • Alpine moves into a new office (a whole floor!) at 1 California
  • Form a residential HVAC platform, Apex Service Partners
  • Matt Moore joins the Alpine partnership
  • Became a B-Corp certified firm!
2020
Year Stats
7
Funds Raised
50+
Alpine Employees
240+
Total Investments

Milestones

  • Became a UNPRI-certified firm
  • Close our first-ever Continuation Vehicle with TEAM services Group
  • Form facilities services platform, Orion Group
  • Invest in Aspira, an outdoor recreation software business
  • Will Adams, Bruce Miller, and Chad Morgan receive the Alpine Lifetime Achievement Award

Alpine Becomes Certified B-Corp

2021
Year Stats
7
Funds Raised
70+
Alpine Employees
280+
Total Investments

So far...

  • Celebrating 20 years of being a different kind of private equity firm!
  • Create new strategy, AlpineX, our business services platform ran by CEO-in-Residence, Charles Rutstein
  • Became bi-coastal and open an office in the Big Apple!
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2002
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2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
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2018
2019
2020
2021

About Alpine

A people-driven private equity firm focused on software and services businesses.

Inspired by the potential to build a meaningful place to work, and frustrated by the culture he saw on Wall Street, Founding Partner Graham Weaver started Alpine because he believed in a better way. He shares the motivation that fueled him then, and continues to steer Alpine’s growth below.

About Alpine

The Alpine Manifesto

Graham Weaver Blog

"Why I Started Alpine"

The Beginnings

Alpine’s first office was a San Francisco pizza parlor. Back in 2001, our three founders spent countless hours huddled around a Dino’s table discussing how to build a new kind of private equity firm.

Video

Behind The Scenes

Leadership Profile

In The Deep End - Dan Sanner

Leadership Profile

From CEO to Partner and Back Again - Will Adams

Our Internship Program

We hire for attributes over experience. Our internship program is designed to provide college students with as much experience as possible, and as much support as possible. Alpine interns launch into incredible career paths, and many join us as full-time team members after graduation.

Leadership Profile

Day In The Life of an Intern: Dhruv Monhot

Leadership Profile

Keeping the Learning Curve Steep - Haley Beck

Leadership Profile

Day In The Life of an Intern: Conor Melbourne

Graham Weaver Blog

The 3 Most Important Cultural Decisions We Made At Alpine

Leadership Profile

Best Of Both Worlds - Patrick Eble

PeopleFirst

About PeopleFirst

We’re unleashing heroes. Our PeopleFirst operating philosophy comes to life in every aspect of our firm, from recruiting, to building engaged cultures, to being a force for good in the world.

About Alpine

What Is PeopleFirst?

Leadership Profile

Billy Maguy - Building For The Longterm

Leadership Profile

Dorothy Walter - Seeing Around Corners

PeopleFirst Leaders

Our leaders set us apart. We believe in the power of potential, in building people up, and in giving our emerging leaders the space and support to grow into their superpowers. We also believe that by hiring for attributes over experience, we provide opportunities to new voices, and elevate high potential leaders with a range of backgrounds, perspectives, and experience.

Video

Our PeopleFirst Leaders

Leadership Profile

Matt Moore - Driven By Connection

Leadership Profile

Alice Song - Bringing Her Full Self To Work

Leadership Profile

AJ Brown - Integrity and Influence

Leadership Profile

Charles Rutstein - Powered By Focus

Founders

Where would we be without our founders? When we set out to buy a new company, our first step is a conversation with the founder. We aim to understand the early vision, their goals for the future, and the culture that’s led to success so far. Then we build on that strong foundation. That starts with setting founders up for their ideal next step. Whether that’s returning to a former passion in an operating role, taking on an advisory position, or stepping away altogether, we’re ready to design the right path together.

Video

Steve Mackie, Founder of Optima Software

Video

COMING SOON - Marlowe Greenberg, Founder of Foothold Technology

Video

COMING SOON - Dr. Larry Lohman, Founder of NEOES

Leadership Profile

In Partnership For People - Roger Musick

Leadership Profile

Finding A Community Of Experts in Growth - Jerimi Ford

Portfolio Spotlight

Imagine yourself at an Alpine portfolio company.

From industry expertise to playbook support, to a whole community of other leaders to lean on, Alpine portfolio operators are never alone. Learn more about a few of our companies, and the people who make them thrive.

ASG

ASG buys, builds, and operates market-leading vertical SaaS companies.

Portfolio Spotlight

ASG SaaS 2.0 - "Mind the Gap"

Leadership Profile

From The Ground Up - Bess Yount

Leadership Profile

Don't Follow Your Passion (& Other Advice) - Steve Reardon

Leadership Profile

Servant Leadership - Mark Strauch

TEAM Services Group

TEAM provides household employment and home care solutions through our family of companies across the U.S.

Leadership Profile

From Dorm Rooms to Boardrooms - Josh Greenberg

Press Release

Alpine and TEAM Services Group Complete Continuation Fund

Leadership Profile

Preserving Culture and Finding Her Zen - Rachel Green

Leadership Profile

Learning As He Leads - Marcus Bradley

Evergreen Services Group

Evergreen Services Group is a group of leading business services companies operated by our PeopleFirst leadership teams and service professionals.

Leadership Profile

Chasing A Dream - Jeff Totten

Leadership Profile

Finding Home Wherever He Goes - Tim Burke

Evergreen Website

"Evergreen President Brad Wittwer’s Business Strategy"

The Next 20…

We’re just getting started.

We’re proud of our impact so far, and we can do more to measure that impact and to progress over time. As leaders in people-driven private equity, we hold ourselves to a high standard, and plan to continue elevating our impact while inspiring others to do the same.

Alpine Investors is celebrating 20 years of people-driven private equity.