Tiger Global Management

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Tiger Global Management, LLC
FormerlyTiger Technology Management LLC
TypePrivate
IndustryInvestment Management
FoundedMarch 2001; 20 years ago (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$79 billion (Q1 2021)[1]
Number of employees
100[2]
Websitewww.tigerglobal.com
Not to be confused with Tiger Management or Tiger Asia Management.

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

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, Tiger Global expanded 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]

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.[7] 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 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.

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

Private Equity Funds[]

Fund[8] Vintage Year Committed Capital ($m)
Tiger Global Private Investment Partners I 2003 USD 76
Tiger Global Private Investment Partners II 2007 N/A
Tiger Global Private Investment Partners III 2007 USD 500
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

Notable venture capital investments[]


References[]

  1. ^ "FORM ADV" (PDF). SEC.gov.
  2. ^ Jump up to: a b c d 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. ^ "Tiger Global Management, LLC". www.tigerglobal.com. Retrieved 2021-03-02.
  6. ^ "Preqin Special Report: The Venture Capital Top 100" (Press release).
  7. ^ "This Hedge Fund Made the Most Money for Investors Last Year". Institutional Investor. Retrieved 2021-03-02.
  8. ^ "Tiger Global Management | Palico". www.palico.com. Retrieved 2021-03-02.
  9. ^ Vardi, Nathan. "Chase Coleman's Tiger Global Management Generated $1 Billion From Its Facebook Trade". Forbes. Retrieved 2021-03-02.
  10. ^ "Tiger Global Said to Invest in LinkedIn at $2 Billion Valuation". Bloomberg.com. 28 July 2010.
  11. ^ "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake - Bloomberg". 6 May 2018. Archived from the original on 2018-05-06.
  12. ^ "Stripe is now valued at $20B after raising another $245M led by Tiger Global". TechCrunch. Retrieved 2021-03-02.
  13. ^ 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.
  14. ^ McBride, Sarah (2014-04-09). "Tiger Global helps Q&A site Quora raise $80 million". Reuters. Retrieved 2021-03-02.
  15. ^ "Square Closes That $100 Million Round, Mary Meeker Joins Board". TechCrunch. Retrieved 2021-03-02.
  16. ^ "Credit Karma Confirms New $85M Financing Round Led By Google Capital". TechCrunch. Retrieved 2021-03-02.
  17. ^ McBride, Sarah (2013-12-05). "Jobs site Glassdoor raises $50 million from Tiger Global". Reuters. Retrieved 2021-03-02.
  18. ^ "UiPath Raises $225M to Become NYC's Newest Decacorn". AlleyWatch. 2020-07-15. Retrieved 2021-03-02.
  19. ^ "China's SenseTime, the world's highest-valued AI startup, closes $620M follow-on round". TechCrunch. Retrieved 2021-03-02.
  20. ^ "Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich". TechCrunch. Retrieved 2021-03-02.
  21. ^ "Brazil's Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business". TechCrunch. Retrieved 2021-03-02.
  22. ^ "Databricks' Growth Draws $400 Million Series F Investment and $6.2 Billion Valuation". Databricks. Retrieved 2021-03-02.
  23. ^ "Alphabet's Waymo raises $2.5 billion in new investment round". cnbc.com.
  24. ^ "Qualia hits unicorn status, acquires Adeptive Software - HousingWire". housingwire.com.
  25. ^ "New Investment from Tiger Global doubles TVF's Valuation to $ 80 Million". YourStory.com. 2019-05-23. Retrieved 2021-04-06.
  26. ^ Indian, Express. "Koo raises $30 million funding led by Tiger Global". Indian Express. Retrieved 2021-05-28.

External links[]

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