Alpine Investors' explicit target is a 5x MOIC on every fund
Graham Weaver · How Graham Weaver Turns Recent Grads Into CEOs · Invest Like The Best · May 27, 2025 · at 0:37
Graham Weaver is the founder and CEO of private equity firm Alpine Investors. He details the firm's core North Star objectives and fund return targets.
0:00 / 0:12exact quote · 12.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We have three North stars at Alpine. One is to be the number one performing private equity fund in the world as measured by MOIC. Our specific goal is five X on every fund.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Graham Weaver
Alpine's best deals featured inexperienced, coachable talent over industry veterans
“When we were in the recession and we had all this time to kind of look back at our track record, the best deals that we did were always ones where we put in either us or someone just like us to go run this business who knew nothing about the industry, but had …”
Alpine Investors has replaced platform management 100% of the time recently
“Historically we've last, I don't know, four funds, we've replaced the management a hundred percent of time”
Private equity's focus on raising larger funds incentivizes bad behavior
“If you watch what firms do, maybe not what they say, but what they actually do, their objective statement is go raise the next fund, go raise a bigger fund. And I think that that makes sense, right? That's how they stay in business, but I think it can lead to …”
Alpine Investors targets retiring founders to install new CEOs and systems
“The winnable game that we're engaged in, and we learned this over the first, you know, 10 years of Alpine when we were really hands on with these businesses is, We're going and finding a twenty million dollar revenue plumbing company in Ball, Louisiana that wh…”
Graham Weaver: Executive placement is harder than financial modeling in roll-ups
“With the playbook that you have, you can blend that down to five times EBITDA. You can borrow at five and a half and your platform's going to trade at 18. Like the investment committee decision there is not the hard part. The hard part is getting the CEO in pl…”