Tybourne Capital Management (Tybourne) is a growth investment firm based in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

with an additional office in

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

. The firm makes investments in both

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...

and

private Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...

markets globally.

Background

Tybourne was founded 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 ...

in 2012 by Eashwar Krishnan and Tanvir Ghani. Krishnan was previously the Head of Asia at Lone Pine Capital. Ghani was previously a managing director of

Prime brokerage Prime brokerage is the generic term for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to inves ...

at Hong Kong office of

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

. Tybourne is considered part of the Tiger Cub group due to the firm being spun out from one. The flagship fund known as the Tybourne Equity Master Fund raised $500 million in its debut and employed a

Long/short equity Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ...

strategy. Later on it would also have a long-only fund. Tybourne's flagship fund had a return of 16.04% and 12.70% in 2013 and 2015 respectively. In 2015, Tybourne was ranked as one of the largest hedge fund buyer of Alibaba American depositary receipts. From a report near the end of 2016 from ''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...

'', the fund made money every year. In 2019, Tybourne established the Tybourne Strategic Opportunities Fund which would invest in private companies. The

University of Michigan The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Mi ...

committed $50 million to the fund. In 2020, the Tybourne Equity Master Fund returned almost 53% after a successful

COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever ...

strategy. In May 2021, Tybourne established the Tybourne Strategic Opportunities Fund II. In July, the

committed another $50 million to that fund. In December 2021, Tybourne shut down its $2.8 billion flagship hedge fund and returned money to investors citing difficulties in profitability. The Fund declined by over 16% during 2021. The firm going forward would focus only on its long-only strategy and private investment funds. In February 2025, Tybourne announced it would stop managing public market investments for clients and would focus only on private investments.

Notable private investments

* Amylyx Pharmaceuticals *

Freecharge Freecharge is an Indian financial services company based in Gurgaon. It allows users to pay bills such as electricity, gas and telephone, as well as recharge mobile, broadband, DTH and metro cards. On 8 April 2015, Snapdeal acquired Freecharge ...

* Paidy *

Snapdeal Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. Snapdeal is one of the top 5 online marketplaces in India. Snapdeal targets the value e-commerce segment, w ...

References

External links

* {{DEFAULTSORT:Tybourne Capital Management Tiger Cub firms Financial services companies established in 2012 Companies of Hong Kong Hedge fund firms in Hong Kong Venture capital firms of China