Tiger Global Management

Tiger Global Management, LLC (Tiger Global) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries.

Tiger Global Management, LLC
FormerlyTiger Technology Management LLC
TypePrivate
IndustryInvestment Management
FoundedMarch 2001 (March 2001)
FounderChase Coleman III
HeadquartersSolow Building, 9 West 57th Street, New York City, New York, U.S.
ProductsHedge Fund
Private Equity
Venture Capital
AUMUS$95 billion (Oct 2021)[1]
Number of employees
100[2]
Websitewww.tigerglobal.com
Not to be confused with Tiger Management or Tiger Asia Management.

Background

Chase Coleman III was a protégé of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management.[3] 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.[4]

In 2001, Coleman established Tiger Technology (which would be later renamed to Tiger Global Management, LLC),[2] as a hedge fund to invest in the public equity market. In 2003, Scott Shleifer helped Tiger Global expand into investing in the private equity market.[5]

From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amount of capital amongst venture capital firms.[6]

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.[2]

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.[7]

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.[8] Its notable funds include Tiger Global Investments (the firm’s flagship long-short fund) and Tiger Global Long Opportunities (long-only).[2]

The private equity strategy, which is led by Scott Shleifer,[9] targets growth-oriented private companies from early to late stages, with an emphasis on businesses based in the U.S., China and India. Tiger Global is estimated to invest around 30% of its capital in early stage (Series A and B) startups, and 20.5% directed toward Series C startups. The head of the Private Equity business was Lee Fixel until March 2019.

Since the start of 2021, Tiger Global has been involved in 35 crypto deals.[10]

Tiger Global is based in New York with affiliate offices in Hong Kong, Beijing, Singapore and Bangalore.

Private equity funds
Fund[11] Vintage Year Committed Capital ($m)
Tiger Global Private Investment Partners I 2003 USD 99
Tiger Global Private Investment Partners II 2007 N/A
Tiger Global Private Investment Partners III 2007 USD 600
Tiger Global Private Investment Partners IV 2007 USD 1,000
Tiger Global Private Investment Partners V 2008 USD 1,100
Tiger Global Private Investment Partners VI 2011 USD 1,250
Tiger Global Private Investment Partners VII 2012 USD 1,490
Tiger Global Private Investment Partners VIII 2014 USD 1,500
Tiger Global Private Investment Partners IX 2014 USD 2,500
Tiger Global Private Investment Partners X 2015 USD 2,500
Tiger Global Private Investment Partners XI 2018 USD 3,750
Tiger Global Private Investment Partners XII 2020 USD 3,750
Tiger Global Private Investment Partners XIV 2021 USD 6,650
Tiger Global Private Investment Partners XV 2021 USD 12,700

Notable venture capital investments

References
  1. "Tiger Global Raises $8.8 Billion in First Close of Biggest Fund". Bloomberg.com. 25 October 2021.
  2. Taub, Stephen. "How Chase Coleman Became a Hedge Fund Legend". Institutional Investor.
  3. "Chase Coleman, III". Forbes. Retrieved 2021-03-02.
  4. "Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple - Bloomberg Business". 2016-01-21. Archived from the original on 2016-01-21. Retrieved 2021-03-02.
  5. "Scott Shleifer". Forbes. Retrieved 2022-03-28.
  6. "Preqin Special Report: The Venture Capital Top 100" (Press release).
  7. Ted Bunker; Laura Cooper (March 18, 2022). "Tiger Global Closes on $12.7 Billion for Latest Growth Fund". Wall Street Journal. Retrieved April 15, 2022.
  8. "This Hedge Fund Made the Most Money for Investors Last Year". Institutional Investor. Retrieved 2021-03-02.
  9. "Scott Shleifer". Forbes. Retrieved April 7, 2022.
  10. "The eye-popping numbers behind Tiger Global's sudden crypto splurge".
  11. "Tiger Global Management | Palico". www.palico.com. Retrieved 2021-03-02.
  12. Barr, Alistair. "Tiger Global snaps up Alibaba shares at lofty valuation". USA TODAY.
  13. Kruppa, Miles; Parkin, Benjamin (27 July 2021). "Tiger Global: the technology investor ruffling Silicon Valley feathers". Financial Times.
  14. "Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich". TechCrunch. Retrieved 2021-03-02.
  15. Li, Yun (16 August 2021). "Chase Coleman's Tiger Global buys Coinbase, adds to DoorDash and DocuSign bets". CNBC.
  16. "Credit Karma Confirms New $85M Financing Round Led By Google Capital". TechCrunch. Retrieved 2021-03-02.
  17. "Databricks' Growth Draws $400 Million Series F Investment and $6.2 Billion Valuation". Databricks. Retrieved 2021-03-02.
  18. Vardi, Nathan. "Chase Coleman's Tiger Global Management Generated $1 Billion From Its Facebook Trade". Forbes. Retrieved 2021-03-02.
  19. McBride, Sarah (2013-12-05). "Jobs site Glassdoor raises $50 million from Tiger Global". Reuters. Retrieved 2021-03-02.
  20. "TikTok Exec Sean Kim Joins Kajabi as President". Orange County Business Journal. February 14, 2022. Retrieved April 7, 2022.
  21. Indian, Express. "Koo raises $30 million funding led by Tiger Global". Indian Express. Retrieved 2021-05-28.
  22. "Tiger Global Said to Invest in LinkedIn at $2 Billion Valuation". Bloomberg.com. 28 July 2010.
  23. "Nextdoor to go public in $4.3 bln merger with Khosla-backed SPAC". Reuters. 6 July 2021.
  24. "Brazil's Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business". TechCrunch. Retrieved 2021-03-02.
  25. McBride, Sarah (2014-04-09). "Tiger Global helps Q&A site Quora raise $80 million". Reuters. Retrieved 2021-03-02.
  26. "China's SenseTime, the world's highest-valued AI startup, closes $620M follow-on round". TechCrunch. Retrieved 2021-03-02.
  27. Ghosh, Sam Nussey, Sayantani (2018-07-13). "SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global". Reuters. Retrieved 2021-03-02.
  28. "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake - Bloomberg". 6 May 2018. Archived from the original on 2018-05-06.
  29. "Square Closes That $100 Million Round, Mary Meeker Joins Board". TechCrunch. Retrieved 2021-03-02.
  30. "Stripe is now valued at $20B after raising another $245M led by Tiger Global". TechCrunch. Retrieved 2021-03-02.
  31. Kate Rooney; Ryan Browne (January 30, 2019). "Stripe rides the online payments boom to a $22.5 billion valuation". CNBC. Retrieved January 28, 2022.
  32. "New Investment from Tiger Global doubles TVF's Valuation to $ 80 Million". YourStory.com. 2019-05-23. Retrieved 2021-04-06.
  33. "UiPath Raises $225M to Become NYC's Newest Decacorn". AlleyWatch. 2020-07-15. Retrieved 2021-03-02.
  34. "Alphabet's Waymo raises $2.5 billion in new investment round". cnbc.com.
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