Bristlecone Capital is a private investment platform focused on outdoor-oriented real estate markets with high barriers to entry and durably growing demand

Investment Thesis: To generate outsized returns by leveraging lower basis, demand growth tailwinds and higher margins that have proven successful in outdoor-oriented real estate. Target investments include value add, distressed, and pioneering investment opportunities within outdoor lodging.


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The principals at Bristlecone Capital have held prominent leadership positions within the outdoor lodging industry, giving them access to a robust pipeline of exclusive investment opportunities. They have a track record of sourcing off-market mispriced assets due to an extensive and highly specialized network of brokers, owners, and operators. Deals will focus on rightsizing leverage, key count and performance in situations facing dislocation.

Acquisition Strategy

The founders of Bristlecone Capital have an average of 25+ years of experience investing across multiple cycles. Notably, through their combined 10+ years of experience in highly specialized outdoor leisure markets, they have developed a deep understanding of the complexities, challenges and opportunities within these markets. Execution will leverage their deep expertise to drive outcomes through renovations, repositioning and hands-on operational turnaround.

Asset Management