# Cornerstone Capital Holdings

Cornerstone Capital Holdings is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** 650 Sentry Pkwy, Suite One, Blue Bell, PA 19422, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** cstonecapital.com
- **LinkedIn:** https://www.linkedin.com/company/cornerstone-capital-holdings

## About

Cornerstone Capital Holdings is a diversified holding company comprised of leading manufacturing and industrial service companies. We serve a variety of markets including aerospace, defense and general manufacturing. Cornerstone seeks to acquire non-core divisions of large corporations as well as select privately- and institutionally-owned businesses.

## Sectors

- Industrial Tech
- SpaceTech
- Aerospace
- Defense

## Offices

- Fort Worth, TX, United States

## People

- Jonathan Alt — Principal
- Andrew Bushell — Principal
- Ian Ballinger — Operating Partner
- Garrett Kramer — Director of Business Development
- Timothy Martin — Executive Advisor/Board Member
- Lili Zhou — Chief Financial Officer

## Questions

### Who runs investment decisions at Cornerstone Capital Holdings?

The named Principals, Jonathan Alt and Andrew Bushell, lead the firm's investment activities. An Operating Partner, Ian Ballinger, provides portfolio-level oversight on acquired businesses; the Director of Business Development, Garrett Kramer, handles deal origination. No separate chief investment officer is disclosed.

### How does Cornerstone source proprietary deal flow?

Sourcing is built on acquiring “orphan” divisions from public and private corporations. Cornerstone believes large-cap owners often shed non-core manufacturing assets, and the firm pursues these directly through private sales, management-driven buyouts, and corporate carve-outs. A public list of avoided sectors further focuses conversations on industrial targets.

### Does Cornerstone participate in fund commitments or only direct deals?

Only direct deals. The firm's model is equity ownership of operating companies via corporate divestitures and direct buyouts. There is no indication of fund-of-fund commitments or LP positions in third-party vehicles.

### What investment stages does Cornerstone typically target?

Cornerstone targets mature, revenue-generating manufacturing and industrial service businesses — often underperforming divisions with “foundational integrity” — and explicitly declines early-stage businesses. The focus is on buyout, management buy-in, and recapitalization of existing middle-market companies.

### Which sectors does Cornerstone explicitly avoid?

The firm publishes a firm-wide avoidance list: software, technology companies, restaurants, early-stage businesses, real estate development, retail, and construction. This is intended to eliminate deal flow outside its core industrial manufacturing and aerospace mandate.

## Related profiles

- [Compass Partners](https://altss.com/profile/compass-partners)
- [Delta Partners Group](https://altss.com/profile/delta-partners-group)

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Last updated: 2026-06-03T20:00:00.000Z

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