Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm founded by Chase Coleman III, a former

Tiger Management Tiger Management Corp. is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and wound down in March 2000-01. It continues to operate in direct public equity investments and seeding new inves ...

employee under

Julian Robertson Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American hedge fund manager, and philanthropist. Robertson founded Tiger Management, one of the first hedge funds, in 1980. From its inception in 1980 to its 1998 asset pe ...

, in March 2001. It mainly focuses on internet, software, consumer, and financial technology companies.

Background and history

Chase Coleman III was a protégé of

and from 1997 to 2000 worked as a technology analyst for the firm,

. In 2000, Robertson closed Tiger Management, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called " Tiger Cubs", fund managers who started their fund management careers with Tiger Management. In 2001, Coleman established Tiger Technology (which would be later renamed to Tiger Global Management, LLC), as a

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

to invest in the public equity market. In 2003, Scott Shleifer helped Tiger Global expand into investing in the

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

market. From the period of 2007 to 2017, according to the

Preqin Preqin Ltd. is a Privately held company, privately held London-based investment data company that provides Financial data vendor, financial data and insight on the alternative assets market, as well as tools to support investment in alternatives. ...

Venture Report, Tiger Global raised the highest amount of capital among

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

firms. In 2020, Tiger Global earned its investors $10.4 billion, more than any other hedge fund on the annual list of the top 20 managers compiled by London fund-of-funds firm LCH Investments. In March 2022, Tiger Global raised $12.7 billion for a new fund to back fast-growing technology companies in their early stages; the firm has reported 900 investors involved in the new fund. In 2022, the firm experienced significant losses. By June 2022, the firm's hedge fund and its long-only fund had respectively declined 52% and 62% in value since the beginning of the year. The ''

Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' and ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'' reported that these losses eliminated some two-thirds of the value accrued by the hedge fund and the long-only fund over the duration of their existences, while '' New York'' cited research indicating the losses could account for three-fourths of lifetime gains. The ''Wall Street Journal'' has referred to the hedge fund's loss as "one of the largest-ever", and an anonymous hedge fund manager quoted by ''New York'' referred to the losses as " ..the biggest in the history of hedge funds". In June, the firm's venture capital losses were reported to be less severe than those of the firm's funds. A letter to investors from Tiger summarizing the performance of its venture funds in the first quarter of 2022 revealed that losses associated with the funds stood at around 9%. In 2024, Tiger Global rebounded with 24% returns tied to rising technology stocks, but the firm was still recouping recent losses.

Business overview

Tiger Global has two strategies that each manage roughly the same amount of capital. The public equity business uses equity strategies to invest in publicly traded companies. Its notable funds include Tiger Global Investments (the firm's flagship long-short fund) and Tiger Global Long Opportunities (long-only). The

strategy was led by Scott Shleifer from 2003 until he stepped down into an advisory role in November 2023.

Private equity funds

Notable venture capital investments

* Alibaba * Blank Street Coffee * Block Inc. *

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* Carta * Coinbase *

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* Databricks *

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* Glassdoor * JD.com * Kajabi * Koo *

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* Nextdoor *

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Quora Quora is an American social question-and-answer website and online knowledge market headquartered in Mountain View, California. It was founded on June 25, 2009, and made available to the public on June 21, 2010. Users can post questions, answ ...

* Scribe * SenseTime *

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* Stripe * strongDM * The Viral Fever * UiPath *

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References

External links

www.tigerglobal.com
(Company Website) {{authority control Tiger Cub firms American companies established in 2001 Financial services companies established in 2001 Financial services companies based in New York City Hedge fund firms in New York City Investment companies based in New York City Private equity firms of the United States Venture capital firms of the United States