LoneTree Capital, a New York-based growth capital firm, has expanded its leadership team in support of the firm’s next phase of growth. As part of this expansion, Gerald Castaldo has joined the firm as partner. Castaldo has spent over a decade investing in and advising high-growth technology businesses and joins LoneTree from HIG Capital.
Prior to HIG, he spent eight years executing technology investments at Bregal Sagemount. He began his career in the Mergers and Acquisitions group at Greenhill.
The appointment follows the successful final close of LoneTree’s inaugural $200m fund, LoneTree I, which attracted backing from an LP base including family offices, insurance companies, fund-of-funds, and endowments.
LoneTree has deployed approximately 70% of LoneTree I across seven platform investments. Last year was the firm’s most active to date, with three new platform investments representing $177m in aggregate enterprise value. The firm expects to begin fundraising for LoneTree II during 2026.
