Durable Capital Partners
UnclaimedAt a Glance
- Check Size
- $50M – $300M
- Stage
- Series B+
- AUM
- $8B+
- Sectors
- Enterprise, Consumer, AI
- Founded
- 2019
- HQ
- Bethesda, MD
About Durable Capital Partners
Durable Capital Partners was founded in 2019 by Henry Ellenbogen, a former partner at T. Rowe Price where he managed over $15 billion in assets and built a reputation as one of the most successful growth investors of his generation. The firm takes a unique approach by investing across both public and private markets, allowing them to maintain long-term relationships with companies throughout their lifecycle. Ellenbogen's investment philosophy centers on identifying businesses with sustainable competitive moats, strong management teams, and large addressable markets. The firm is known for its patient capital approach, often holding positions for many years and supporting companies through multiple growth phases. Notable investments include late-stage rounds in high-profile companies like Stripe and SpaceX, as well as public market positions in leading technology companies. What distinguishes Durable Capital is Ellenbogen's track record of generating exceptional returns through disciplined fundamental analysis and his willingness to make concentrated bets on his highest-conviction opportunities.
Investment Thesis
“Patient capital for durable growth companies building long-term competitive advantages.”
Leadership Team
Henry Ellenbogen founded the firm in 2019 and is the named executive officer on every Durable entity registered with the SEC. He came from T. Rowe Price, where he ran more than $15 billion and built a record as one of the most successful growth managers of his cohort, and he carried a crossover mandate into Durable: the firm invests in both public equities and late-stage private companies, which lets it hold a position through an initial public offering rather than exiting at it.
Julie Jack signs the firm's Form D amendments as authorized person of the general partner, Durable Capital Associates LLC. The firm keeps a deliberately small investment team relative to its asset base, consistent with a concentrated book and holding periods measured in years rather than fund cycles.
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Fund History
SEC filings put hard numbers on the firm's scale. Durable Capital Onshore Fund LP filed its original Form D on October 31, 2019, with a first sale dated November 1, 2019 and an indefinite offering amount. Successive annual amendments track the raise upward; the most recent, filed October 22, 2025, reports $7,976,692,723 sold. Henry Ellenbogen is named as executive officer and Durable Capital Associates LLC as general partner and promoter.
Three further vehicles sit alongside it: Durable Capital Offshore Fund Ltd., registered in 2019 for non-US capital, and Durable Capital Opportunities Fund LP and Durable Capital Opportunities Offshore Fund LP, both Maryland entities registered in 2021 for a concentrated strategy. All filings list the firm at 4747 Bethesda Avenue in Bethesda, Maryland. Ellenbogen launched the platform in 2019 after managing more than $15 billion at T. Rowe Price.
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Frequently Asked Questions
What stage does Durable Capital Partners invest at?
Durable Capital Partners primarily invests at the Series B+ stage. This means they focus on companies that are at various stages of growth.
Where is Durable Capital Partners located?
Durable Capital Partners is headquartered in Bethesda, MD. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Durable Capital Partners focus on?
Durable Capital Partners focuses on investments in Enterprise, Consumer, AI. Their portfolio reflects deep expertise and networks within these sectors.
What is Durable Capital Partners's typical check size?
Durable Capital Partners's typical investment check size ranges from $50M to $300M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Durable Capital Partners have under management?
Durable Capital Partners manages approximately $8B+ in assets under management (AUM) across their funds.
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