The present invention provides a singlehanded means, by the use of a lift arm mechanism, to lift a small yacht tender or dinghy from the water and stow and retrieve the tender or dinghy from the roof (or suitable support structure) above the yacht's cockpit. The lift arm mechanism includes a pair of lift arm members which are connected with a pivotable connection between the stern of the host vessel and the transom of the tender. Pivot connections permit upward and downward pivoting of the lift arm members with respect to the stern of the host vessel as well as permit pivoting upward and downward of the tender relative to the lift arm members. The mechanism permits the outboard motor of the tender to be easily removed and allows full use of the swim platform when the tender is in the stowed position.