LoneTree Capital, a New York-based growth capital firm, announced an expanded 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.

“We are thrilled to welcome Gerald to the LoneTree team,” said Matt Koven, Managing Partner at LoneTree. “Gerald and I first met in 2014 and worked side-by-side on multiple transactions over six years at Bregal Sagemount. Reuniting now at LoneTree strengthens our ability to uncover compelling investment opportunities, support exceptional founders, and continue building a world-class team.”

Castaldo has spent over a decade investing in and advising high-growth technology businesses and joins LoneTree from H.I.G. Capital. Prior to H.I.G., Gerald spent eight years executing technology investments at Bregal Sagemount. He began his career in the Mergers and Acquisitions group at Greenhill.

“I’m excited to join Matt again and to partner with the LoneTree team at such an exciting moment in the firm’s development,” Castaldo said. “Matt and I are proud to have helped scale our prior firm to $4 billion in AUM while delivering top decile returns, and I’m energized to bring that experience to LoneTree as we continue building a di??erentiated growth investment platform.”

This announcement follows the successful final close of LoneTree’s inaugural $200 million fund, LoneTree I, which attracted strong backing from a high-quality, diversified LP base including family o??ices, insurance companies, fund-of-funds, and endowments.