About Us
Long Path discovers quality ideas off the beaten path
Who We Are
Long Path is a globally-oriented investment firm that makes concentrated investments in high-quality, predictable businesses that we intend to own for the long term.
Long Path Partners is an employee-owned investment firm managing ~$1.5B+ across public and private markets, focused on generating attractive absolute returns through concentrated, long-term investments. The firm invests primarily in B2B businesses across software, business and information services, and B2B consumables value chains, targeting companies with durable competitive advantages and predictable performance over 5–10+ year horizons.
With a globally oriented approach, more than half of investments are outside the U.S. across developed markets. Long Path operates a unified research platform across four capacity-constrained strategies and partners closely with management teams as an active, engaged shareholder.
Investment Strategy
We invest in competitively advantaged businesses, often where others are not looking
Our long-term, ownership-oriented philosophy means we invest with conviction and measure success in years rather than quarters.
Mission Critical Offering
We seek providers of mission-critical, need-to-have B2B products and services that become more relevant over time. Customers rely on our target businesses' offerings as a core part of how they operate.
High Recurring Revenue
We favor businesses with contractually recurring revenue or durable recurring demand patterns, yielding predictability and compounding power that enables long-term value creation.
Sustainable Competitive Advantage in an Attractive End Market
Long Path invests in businesses with a durable moat operating in end markets with long runways for organic growth. We seek companies where the lifetime value of a customer is multiples greater than the cost of winning and serving them, and where multiple strategic buyers provide downside protection.
Long Path Partners is named after the Long Path, a 357-mile trail that begins in New York City and ends in the Albany area. Long Path hikes sections of the trail biannually as a team with the ultimate goal of completing the entire trail.
We selected the name because we believe it is an accurate description of our long duration approach to investing, as well as many of the cultural tenets we embrace as a firm.
Learn More About Our Strategies