# Pine Island Capital Partners Pine Island Capital Partners is a Private Equity based in Washington, United States. ## Overview - **Organization type:** Private Equity - **Headquarters:** Washington, United States - **Region:** North America - **Address:** Washington, DC, United States - **Founded:** 2018 - **Assets under management:** $250M - $500M (Altss estimate) - **Website:** pineislandcp.com - **LinkedIn:** https://www.linkedin.com/company/pine-island-capital-partners ## Regulatory record - **Reports private funds:** No ## About Pine Island Capital Partners invests in private equity within the middle market. The firm targets mid-sized companies in the US and Canada across sectors like aerospace, agriculture, energy, cyber-security, and infrastructure. It is headquartered in Maryland. ## Sectors - Aerospace & Defense - Government Services - Industrial Tech ## People - John Toohey — Chairman & Managing Partner - Michael L. Falcone — Managing Partner & CEO ## Questions ### Who runs investment decisions at Pine Island Capital Partners? Investment decisions are driven by Chairman John Toohey and CEO Michael Falcone. Toohey is a former Carlyle Group managing director who led its aerospace, defense, and government-services practice. Falcone previously served as a senior executive at The Chertoff Group and held investment roles at other DC-linked firms. Their shared operating thesis — that national-security-board-level relationships can turn mid-market defense contractors into category consolidators — defines the committee process. ### How does Pine Island source proprietary deal flow? Pine Island originates deals largely through its National Security Advisory Board, which includes retired four-star generals, former ambassadors, and senior civilian defense officials. Those advisers surface sub-scale contractors embedded in fragmented Pentagon supply chains — companies that rarely appear in broad auction processes because their customer relationships depend on clearance levels and agency-specific past performance. The firm then applies standard buyout structuring to assets where it believes the information advantage is highest. ### Is Pine Island structured as a private equity fund or a holding company? Pine Island operates as a committed-fund private equity manager, not a permanent-capital vehicle or family-backed holding company. Its debut institutional fund, Pine Island Capital Partners I, was reported to be targeting roughly $300 million. The firm uses standard 10-year fund-life conventions with a General Partner / Limited Partner structure, though it has not publicly disclosed specific investor names or final closes. ### What investment stages does Pine Island typically target? The firm targets control buyouts and growth recapitalizations of founder- or family-owned businesses, as well as corporate carve-outs from larger defense primes. It does not pursue venture-stage companies, pre-revenue technology, or minority growth stakes. Target companies generally generate between $10 million and $50 million of EBITDA and derive the majority of revenue from the US Department of Defense, intelligence community, or adjacent federal agencies. ### Which sectors does Pine Island explicitly avoid? Pine Island does not invest in commercial-only industrials, consumer products, retail, or healthcare. The firm's mandate requires a measurable nexus to US national security procurement, which functionally excludes sectors where government contracting is incidental rather than core. Within aerospace and defense, the firm has been selective about commercial-airline exposure, preferring aftermarket and engine-components businesses with long-duration military programs. ## Related profiles - [Pine Hill Capital](https://altss.com/profile/pine-hill-capital) - [Pine Mountain Ventures](https://altss.com/profile/pine-mountain-ventures) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/pine-island-capital-partners Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology