Durable Capital Partners
Long-term growth fund investing in companies building durable competitive advantages.
This is one of the smartest money managers you've never heard of. Henry left the best gig in growth investing at T. Rowe Price to start his own shop, and immediately raised $6B+ from savvy LPs who knew his track record. The guy has a scientific approach to finding future compounders before they're obvious - he literally looks for the 1% of companies that drive all wealth creation. What's refreshing is he's not chasing trends or buzzwords; his number one holding is actually RBC Bearings (RBC), an industrial play that proves he's looking for value where others might not be looking. Post-investment, founders rave about how he actually understands their business better than they do sometimes. The downside? Good luck getting a meeting unless you're already crushing it - this isn't a spray-and-pray shop.
- —Best for: Late-stage founders with proven unit economics who want a long-term partner
- —Watch out for: Extremely selective - they only invest in companies they'd buy more of at higher prices
- —Known for: Finding 'Act II' founders and industrial/tech crossover plays others miss
Durable Capital Partners LP employs a fundamental, research-intensive investment process focused on identifying and holding high-quality, durable growth companies over multi-year periods. Their investment philosophy focuses on identifying and supporting businesses with strong growth potential and sustainable competitive advantages.
The firm primarily pursues a long-only equity investment strategy, focusing on early-stage and durable growth small- and mid-cap equities in the public markets. Durable Capital Partners LP's top holdings are RBC Bearings Incorporated (US:RBC), DoorDash, Inc. (US:DASH), MercadoLibre, Inc. (US:MELI), Coupang, Inc. (US:CPNG), and APi Group Corporation (US:APG). Based on the firm's most recent 13F filing for Q3 2025, the portfolio shows approximate allocations of 27% to technology, 26% to industrials, 21% to consumer discretionary, 12% to healthcare, 7% to real estate, and 5% to communication services.
Prior to founding Durable, Henry served as a Vice President of T. Rowe Price Associates, Inc., and as T. Rowe Price Group Chief Investment Officer for U.S. Equity Growth. He led private market rounds in many notable companies including Workday, Twitter, Coupa, Atlassian, Twilio, Warby Parker, and Sweetgreen. I always hear the same thing from founders who've met Henry: 'he understood my business faster than anyone'
Anouk Dey is a Partner of Durable who joined the firm at its inception in 2019. At T. Rowe, she was an investment analyst in the U.S. Equity Division, focusing on small-cap growth stocks. Anouk also co-teaches a course on long-term investing ('Compounders Independent Study') at Columbia Business School, further highlighting her deep expertise in growth and compounder-focused equity investing.
Corey Shull is a Partner and co-founder of Durable who joined the firm at its inception in 2019. Corey leads Durable's private investment efforts and covers internet and media companies. Corey was also a Research Analyst in the Equity Division of T. Rowe, following technology, media, and internet companies. Corey has 16 years of investment experience.
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