In 2001, Alpine began charting a new path in private equity, testing our belief that extraordinary outcomes are the byproduct of extraordinary people. Twenty-five years and 1,000+ investments later, that belief drives everything we do.
A BELIEF, NOT A PLAYBOOK
We believe that when you give high-attribute leaders real ownership and the right environment, they can exceed all expectations, including their own.
Twenty-five years, nine flagship funds, and countless leaders later, our mission is to unleash as many heroes as possible.
25
Years of PeopleFirst Private Equity
$
18.5
Assets Under Management (as of 3/31/26)
1,000
+
Lifetime Investments
9
Flagship Funds Raised
129
PeopleFirst Leaders Placed (1)
40.1
Average Portfolio eNPS Since 2020 (2)
Three Perspectives, One Philosophy
From the founder who started it, to the partner who lived it, to the leader building it into portfolio companies today – read the below for a three-part series on the belief and programs that have shaped Alpine for a quarter-century.
PART ONE
Unleashing Heroes
Twenty-five years ago, Graham started Alpine with a team of two and no real plan — just one belief: put extraordinary people in the right environment, hand them real ownership, and they’ll do things nobody predicted.
PART TWO
On Being “Weird” for 25 Years (and Counting)
Technically, Alpine Investors is a private equity firm. But if you take a deeper look, you’ll find a firm whose purpose and mission is “Unleashing Heroes.”
PART THREE
Looking Forward: Building a 100-Year Firm
The private equity industry is at an inflection point. Learn how Alpine plans to handle the changing headwinds and build a foundation for the next era.
The Story So Far
Rather than back outside management, Alpine’s own team steps in to personally run struggling portfolio companies — the unconventional bet that becomes the firm’s model.
Coming out of the financial crisis, Alpine hires its first executive coach and asks a defining question: “What would have to be true for Alpine to become the best-performing private equity firm in the world?”³ Alpine fully commits to its PeopleFirst strategy of hiring, training, and placing its own CEOs and management teams.
The CEO-in-Training (CIT) program launches, placing aspiring leaders into CEO and CXO roles immediately after graduation.
The CIT program becomes the number-one most-applied-to job among graduating MBAs at Stanford, Harvard and Wharton.
Alpine expands its talent programs and surpasses 100 portfolio leaders. New programs include an Investor-in-Residence program and CFO-in-Residence program.
Alpine launches five new buy-and-build platforms, bringing the firm to more than 20 buy-and-build platforms across its software and services sectors.
Alpine opens its third office location in Austin, Texas.
Alpine is recognized as the No. 1 performing upper mid-market private equity firm based on a composite of return metrics across Alpine funds in the HEC Paris-Dow Jones Upper Mid-Market Buyout Performance Ranking.⁵
Alpine celebrates 25 years: $18.5B in assets under management,⁶ 1,000+ investments, and 129 PeopleFirst leaders placed across the portfolio.¹
Unleashing Heroes Across Our Community
Every Hero We Unleash Adds Up
Over the years, Alpine's PeopleFirst program has delivered more than 2,500 hours of coaching,³ placed over 120 leaders in its portfolio companies, and developed over 70 CEOs-in-Training into CEOs.¹ See the full picture in our 2026 Force for Good Report.
Graham Weaver, Founder & CEO
HERE’S TO THE NEXT 25
“Alpine wouldn’t exist without two investors who believed in us before we believed in ourselves. For twenty-five years, we’ve tried to pay that forward — to the founders who trust us with the businesses they built, the leaders we place to run them, and the employees who show up every day. That’s the force we want to be in the world. Here’s to the next 25 years of unleashing as many heroes as possible.”
Disclosures & Endnotes
(1) As of September 2025. Compensation, expense reimbursements, equity interests or other amounts received by PeopleFirst leaders are generally borne by the applicable Alpine Fund(s) and/or their portfolio companies without offset to the management fee.
(2) All-time average is calculated as a simple average of the period figures from 2020 through 2025, resulting in an all-time average of 40.1. Employee Net Promoter Score (eNPS) measures how employees feel about their company, and is based on customer NPS, a measure of loyalty, engagement, and experience pioneered by Bain & Co. eNPS scores range from -100 to 100. Scores between 10 – 40 are considered ‘good,’ and scores above 40 are considered ‘great’.
(3) PeopleFirst Executive Coaches are independent third parties retained and compensated by portfolio companies.
(4) For more information on the selection criteria of B Corp and Alpine’s ESG policy, please visit https://bcorporation.net/about-b-corps and https://alpineinvestors.com/force-for-good/, respectively.
(5) The 2025 HEC Paris-Dow Jones Upper Mid-Market Buyout Performance Ranking, published on March 6, 2026, was based on funds raised between 2012 and 2021. Alpine provided fund information upon request and did not provide compensation in connection with obtaining or using this ranking. Methodology: https://www.hec.edu/en/private-equity-ranking.
(6) As of March 31, 2026
