Tiger Global Management is a hedge fund and investment firm based in New York. It was founded in 2001 by Chase Coleman, who previously worked as a technology analyst at Tiger Management, one of the first hedge funds established in 1980. Tiger Global Management is known for its investments in venture capital, long-short public equities, private equity, and other asset classes.
As a hedge fund, Tiger Global Management manages a significant amount of capital, with over $4 billion under management. It is one of the largest non-specialist venture investors globally. The firm has gained a reputation for quick execution and a no-nonsense approach to investing. While Tiger Global Management has been active in venture capital globally, there have been recent management turnovers that have resulted in reduced activity in VC-style deals since 2019 onwards.
Tiger Global Management, LLC (previously known as Tiger Technology Management LLC) is an American investment firm founded by Chase Coleman III in March 2001. It is headquartered in the Solow Building in New York City. The firm primarily focuses on investments in Internet, software, consumer, and financial technology companies.
Chase Coleman III was a former technology analyst for Tiger Management, working under Julian Robertson from 1997 to 2000. After Tiger Management closed in 2000, Coleman received over $25 million from Robertson to manage, making him one of the "Tiger Cubs," a group of fund managers who started their careers at Tiger Management.
Initially established as Tiger Technology, the firm later changed its name to Tiger Global Management. It started as a hedge fund investing in public equity markets but expanded into the private equity market in 2003 under the guidance of Scott Shleifer.
Tiger Global Management has been successful in raising significant capital for its venture capital investments. According to the Preqin Venture Report, the firm raised the highest amount of capital among venture capital firms from 2007 to 2017. In 2020, Tiger Global Management achieved notable success, earning its investors $10.4 billion, the highest among all hedge funds listed by London-based LCH Investments.
The firm continues to be active and raise funds for investments. In March 2022, Tiger Global raised $12.7 billion for a new fund aimed at backing fast-growing technology companies in their early stages.
However, in 2022, the firm experienced significant losses. By June 2022, the hedge fund and long-only fund of Tiger Global had declined 52% and 62% in value, respectively, since the beginning of the year. These losses were reported to be some of the largest in the history of hedge funds.
Tiger Global Management operates two main strategies: the public equity business and the private equity business. The public equity business focuses on investing in publicly traded companies using equity strategies. Notable funds include Tiger Global Investments and Tiger Global Long Opportunities. The private equity business, led by Scott Shleifer, targets growth-oriented private companies in the early to late stages, with a focus on businesses in the U.S., China, and India. Tiger Global Management has a global presence, with offices in New York, Hong Kong, Beijing, Singapore, and Bangalore.
The firm has made notable venture capital investments in companies such as Alibaba, Block Inc., ByteDance, Carta, Coinbase, Credit Karma, Databricks, Facebook, Flipkart, Glassdoor, JD.com, LinkedIn, Nubank, Spotify, Stripe, UiPath, Waymo, and Yandex, among others. These investments showcase the firm's interest in technology-driven companies across various sectors.
Tiger Global Management follows a specific set of investment criteria when making investment decisions. While the firm is known for its focus on technology companies, its investment criteria encompass various factors that help identify promising investment opportunities. Here are some key aspects of Tiger Global Management's investment criteria:
Tiger Global Management operates based on a set of core values that guide its investment approach and business practices. These values shape the firm's culture and decision-making process. Here are some key values associated with Tiger Global Management:
Tiger Global Management's mission is to identify and invest in the most promising companies across various sectors and stages of growth. The firm seeks to generate superior returns for its investors by partnering with exceptional entrepreneurs and supporting their vision to build transformative businesses. Tiger Global Management aims to be a trusted and strategic partner, providing not only capital but also expertise, resources, and guidance to help portfolio companies achieve their full potential.
At the core of Tiger Global Management's mission is the belief in the power of innovation and disruption. The firm strives to identify companies that are at the forefront of technological advancements, creating innovative solutions and disrupting traditional industries. By investing in these companies, Tiger Global Management aims to drive positive change and contribute to the growth and evolution of industries worldwide
Tiger Global Management is a prominent investment firm with a diversified portfolio that includes investments in various industries and regions. Here is an overview of some notable investments made by Tiger Global Management historically:
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Chase Coleman III (Founder)
Scott Shleifer (Partner )
Lee Fixel (Former Partner)
Alexander Captain (Partner)