Tiger Global Management

Chase Coleman III was a protégé of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management.{{Cite web |title=Chase Coleman, III. |url=https://www.forbes.com/profile/chase-coleman-iii/ |access-date=March 2, 2021 |website=Forbes |language=en |archive-date=July 30, 2017 |archive-url=https://web.archive.org/web/20170730032318/https://www.forbes.com/profile/chase-coleman-iii/ |url-status=live }} 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.{{Cite web |date=January 21, 2016 |title=Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple - Bloomberg Business |website=Bloomberg News |url=http://www.bloomberg.com/news/articles/2012-01-10/chase-coleman-channels-ancestor-stuyvesant-with-45-robertson-like-return |access-date=March 2, 2021 |archive-url=https://web.archive.org/web/20160121172402/http://www.bloomberg.com/news/articles/2012-01-10/chase-coleman-channels-ancestor-stuyvesant-with-45-robertson-like-return |archive-date=January 21, 2016 }}

In 2001, Coleman established Tiger Technology (which would be later renamed to Tiger Global Management, LLC),{{Cite web |last=Taub |first=Stephen |title=How Chase Coleman Became a Hedge Fund Legend |url=https://www.institutionalinvestor.com/article/b1qx3m96ts35s3/How-Chase-Coleman-Became-a-Hedge-Fund-Legend |website=Institutional Investor |date=March 10, 2021 |language=en-gb |access-date=March 12, 2021 |archive-date=March 24, 2021 |archive-url=https://web.archive.org/web/20210324020628/https://www.institutionalinvestor.com/article/b1qx3m96ts35s3/How-Chase-Coleman-Became-a-Hedge-Fund-Legend |url-status=live }} 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.{{Cite web |title=Scott Shleifer |url=https://www.forbes.com/profile/scott-shleifer/ |access-date=March 28, 2022 |website=Forbes |language=en |archive-date=March 28, 2022 |archive-url=https://web.archive.org/web/20220328203733/https://www.forbes.com/profile/scott-shleifer/ |url-status=live }}

From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amount of capital among venture capital firms.{{Cite press release |title=Preqin Special Report: The Venture Capital Top 100}}

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.{{cite web|url=https://www.wsj.com/articles/tiger-global-closes-on-12-7-billion-for-latest-growth-fund-11647626626|title=Tiger Global Closes on $12.7 Billion for Latest Growth Fund|website=Wall Street Journal|date=March 18, 2022|author1=Ted Bunker|author2=Laura Cooper|access-date=April 15, 2022|archive-date=April 15, 2022|archive-url=https://web.archive.org/web/20220415183229/https://www.wsj.com/articles/tiger-global-closes-on-12-7-billion-for-latest-growth-fund-11647626626|url-status=live}}

In 2022, the firm experienced significant losses.{{Cite web |last=Kochkodin |first=Brandon |title=More Losses For Tiger Global From Its FTX Investment |url=https://www.forbes.com/sites/brandonkochkodin/2022/11/08/more-losses-for-tiger-global-from-its-ftx-investment/ |access-date=January 23, 2023 |website=Forbes |language=en |archive-date=January 23, 2023 |archive-url=https://web.archive.org/web/20230123145912/https://www.forbes.com/sites/brandonkochkodin/2022/11/08/more-losses-for-tiger-global-from-its-ftx-investment/ |url-status=live }} 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.{{cite news |last1=Brown |first1=Eliot |last2=Chung |first2=Juliet |title=Highflying Tiger Global Humbled by Unraveling of Giant Tech Bet |url=https://www.wsj.com/articles/tiger-global-giant-tech-bet-11654523735 |access-date=June 15, 2022 |work=Wall Street Journal |date=June 6, 2022 |archive-date=June 15, 2022 |archive-url=https://web.archive.org/web/20220615001548/https://www.wsj.com/articles/tiger-global-giant-tech-bet-11654523735 |url-status=live }}{{cite news |last1=Fletcher |first1=Laurence |last2=Quinio |first2=Akila |last3=Kruppa |first3=Miles |last4=Gara |first4=Antoine |title=The mauling of Tiger Global |url=https://www.ft.com/content/2a393020-4c43-4bd8-8a88-221459bcee58 |access-date=June 15, 2022 |work=The Financial Times |date=May 18, 2022 |archive-url=https://archive.today/20220520063258/https://www.ft.com/content/2a393020-4c43-4bd8-8a88-221459bcee58 |archive-date=May 20, 2022 |url-status=live}} The Wall Street Journal and Financial Times 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.{{cite news |last1=Celarier |first1=Michelle |title='The Poster Child' of the Tech Meltdown |url=https://nymag.com/intelligencer/2022/06/tiger-global-poster-child-of-the-tech-meltdown.html |access-date=June 17, 2022 |work=Intelligencer |date=June 17, 2022 |language=en-us |archive-date=June 17, 2022 |archive-url=https://web.archive.org/web/20220617132306/https://nymag.com/intelligencer/2022/06/tiger-global-poster-child-of-the-tech-meltdown.html |url-status=live }} 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.{{Cite news |last=Burton |first=Katherine |date=January 7, 2025 |title=Tiger Cubs Score Second Year of Gains on Soaring Tech Stocks |url=https://www.bloomberg.com/news/articles/2025-01-07/tiger-cubs-score-second-year-of-gains-on-soaring-tech-stocks |access-date=April 13, 2025 |work=Bloomberg}}

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.{{Cite web |title=This Hedge Fund Made the Most Money for Investors Last Year |url=https://www.institutionalinvestor.com/article/b1q8fxt5bh8wd6/This-Hedge-Fund-Made-the-Most-Money-for-Investors-Last-Year |access-date=March 2, 2021 |website=Institutional Investor |date=January 25, 2021 |language=en-gb |archive-date=February 27, 2021 |archive-url=https://web.archive.org/web/20210227154257/https://www.institutionalinvestor.com/article/b1q8fxt5bh8wd6/This-Hedge-Fund-Made-the-Most-Money-for-Investors-Last-Year |url-status=live }} Its notable funds include Tiger Global Investments (the firm's flagship long-short fund) and Tiger Global Long Opportunities (long-only).

The private equity strategy was led by Scott Shleifer from 2003 until he stepped down into an advisory role in November 2023.{{Cite web |title=Scott Shleifer |url=https://www.forbes.com/profile/scott-shleifer/?sh=39eb62fe19d6 |access-date=April 7, 2022 |website=Forbes |archive-date=April 8, 2022 |archive-url=https://web.archive.org/web/20220408035421/https://www.forbes.com/profile/scott-shleifer/?sh=39eb62fe19d6 |url-status=live }}{{Cite web |last=Loizos |first=Connie |date=2023-11-21 |title=Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride |url=https://techcrunch.com/2023/11/21/tiger-global-chieftain-scott-shleifer-transitions-to-advisory-role-after-wild-ride/?guccounter=1 |access-date=2025-04-14 |website=TechCrunch |language=en-US}}{{Cite web |last=Saacks |first=Bradley |title=Scott Shleifer steered billions into startups for Tiger Global. With his reign now over, the industry wonders what's next. |url=https://www.businessinsider.com/tiger-global-scott-shleifer-private-market-2023-11 |access-date=2025-04-14 |website=Business Insider |language=en-US}}

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• Alibaba{{cite web |last1=Barr |first1=Alistair |title=Tiger Global snaps up Alibaba shares at lofty valuation |url=https://www.usatoday.com/story/tech/2014/01/20/alibaba-tiger-global-yahoo/4659895/ |website=USA TODAY |access-date=October 19, 2021 |archive-date=October 29, 2021 |archive-url=https://web.archive.org/web/20211029175305/https://www.usatoday.com/story/tech/2014/01/20/alibaba-tiger-global-yahoo/4659895/ |url-status=live }}
• Blank Street Coffee{{cite web|url=https://www.nytimes.com/2022/08/29/dining/blank-street-coffee.html|title=It's Not Just You — Blank Street Coffee Is Suddenly Inescapable|last=Moskin|first=Julia|date=August 29, 2022|website=The New York Times|access-date=September 13, 2023|archive-date=September 27, 2023|archive-url=https://web.archive.org/web/20230927174157/https://www.nytimes.com/2022/08/29/dining/blank-street-coffee.html|url-status=live}}
• Block Inc.{{Cite web |title=Square Closes That $100 Million Round, Mary Meeker Joins Board |url=https://techcrunch.com/2011/06/28/square-100-million-meeker/ |access-date=March 2, 2021 |website=TechCrunch |date=June 29, 2011 |language=en-US}}
• ByteDance
• Carta{{Cite web |title=Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich |url=https://techcrunch.com/2019/05/06/carta-was-just-valued-at-1-7-billion-by-andreessen-horowitz-in-a-deal-some-see-as-rich/ |access-date=March 2, 2021 |website=TechCrunch |date=May 6, 2019 |language=en-US}}
• Coinbase{{cite web |last1=Li |first1=Yun |title=Chase Coleman's Tiger Global buys Coinbase, adds to DoorDash and DocuSign bets |url=https://www.cnbc.com/2021/08/16/chase-colemans-tiger-global-buys-coinbase-adds-to-doordash-and-docusign-bets.html |website=CNBC |language=en |date=August 16, 2021 |access-date=October 19, 2021 |archive-date=October 28, 2021 |archive-url=https://web.archive.org/web/20211028170755/https://www.cnbc.com/2021/08/16/chase-colemans-tiger-global-buys-coinbase-adds-to-doordash-and-docusign-bets.html |url-status=live }}
• Credit Karma{{Cite web |title=Credit Karma Confirms New $85M Financing Round Led By Google Capital |url=https://techcrunch.com/2014/03/12/credit-karma-confirms-new-85m-financing-round-led-by-google-capital/ |access-date=March 2, 2021 |website=TechCrunch |date=March 12, 2014 |language=en-US}}
• Databricks{{Cite web |title=Databricks' Growth Draws $400 Million Series F Investment and $6.2 Billion Valuation |url=https://databricks.com/company/newsroom/press-releases/databricks-growth-draws-400-million-series-f-investment-and-6-2-billion-valuation |access-date=March 2, 2021 |website=Databricks |date=October 22, 2019 |language=en-US |archive-date=March 7, 2021 |archive-url=https://web.archive.org/web/20210307064053/https://databricks.com/company/newsroom/press-releases/databricks-growth-draws-400-million-series-f-investment-and-6-2-billion-valuation |url-status=live }}
• DST Global
• Facebook{{Cite web |last=Vardi |first=Nathan |title=Chase Coleman's Tiger Global Management Generated $1 Billion From Its Facebook Trade |url=https://www.forbes.com/sites/nathanvardi/2013/02/14/hedge-fund-star-chase-colemans-facebook-trade-generated-1-billion/ |access-date=March 2, 2021 |website=Forbes |language=en |archive-date=September 19, 2021 |archive-url=https://web.archive.org/web/20210919003323/https://www.forbes.com/sites/nathanvardi/2013/02/14/hedge-fund-star-chase-colemans-facebook-trade-generated-1-billion/ |url-status=live }}
• Flipkart
• Glassdoor{{Cite news |last=McBride |first=Sarah |date=December 5, 2013 |title=Jobs site Glassdoor raises $50 million from Tiger Global |language=en |work=Reuters |url=https://www.reuters.com/article/venture-tiger-glassdoor-idUKL2N0JJ2GB20131205 |access-date=March 2, 2021 |archive-date=November 8, 2023 |archive-url=https://web.archive.org/web/20231108110250/https://www.reuters.com/article/venture-tiger-glassdoor-idUKL2N0JJ2GB20131205 |url-status=live }}
• JD.com
• Kajabi{{cite news|url=

https://www.ocbj.com/news/2022/feb/14/tiktok-exec-sean-kim-joins-kajabi-president/ |title=TikTok Exec Sean Kim Joins Kajabi as President |website=Orange County Business Journal |date=February 14, 2022 |access-date=April 7, 2022}}

• Koo{{Cite web |last=Indian |first=Express |title=Koo raises $30 million funding led by Tiger Global |url=https://indianexpress.com/article/business/companies/koo-raises-usd-30-million-funding-led-by-tiger-global-7330787/lite/ |access-date=May 28, 2021 |website=Indian Express |date=May 26, 2021 |language=en |archive-date=May 26, 2021 |archive-url=https://web.archive.org/web/20210526185602/https://indianexpress.com/article/business/companies/koo-raises-usd-30-million-funding-led-by-tiger-global-7330787/lite/ |url-status=live }}
• LinkedIn{{Cite web |date=July 28, 2010 |title=Tiger Global Said to Invest in LinkedIn at $2 Billion Valuation |url=https://www.bloomberg.com/news/articles/2010-07-27/linkedin-valued-at-more-than-2-billion-after-investment-by-tiger-global |website=Bloomberg.com |language=en |access-date=March 2, 2021 |archive-date=August 16, 2018 |archive-url=https://web.archive.org/web/20180816061642/https://www.bloomberg.com/news/articles/2010-07-27/linkedin-valued-at-more-than-2-billion-after-investment-by-tiger-global |url-status=live }}
• Nextdoor{{cite web |title=Nextdoor to go public in $4.3 bln merger with Khosla-backed SPAC |url=https://www.reuters.com/technology/nextdoor-go-public-via-43-bln-merger-with-khosla-backed-blank-check-firm-2021-07-06/ |website=Reuters |language=en |date=July 6, 2021 |access-date=October 19, 2021 |archive-date=October 29, 2021 |archive-url=https://web.archive.org/web/20211029174434/https://www.reuters.com/technology/nextdoor-go-public-via-43-bln-merger-with-khosla-backed-blank-check-firm-2021-07-06/ |url-status=live }}
• Nubank{{Cite web |title=Brazil's Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business |url=https://techcrunch.com/2015/06/02/brazils-nubank-raises-30m-led-by-tiger-to-build-out-its-mobile-based-credit-card-business/ |access-date=March 2, 2021 |website=TechCrunch |date=June 2, 2015 |language=en-US}}
• Quora{{Cite news |last=McBride |first=Sarah |date=April 9, 2014 |title=Tiger Global helps Q&A site Quora raise $80 million |language=en |work=Reuters |url=https://www.reuters.com/article/funding-startups-quora-idINL2N0N026820140409 |access-date=March 2, 2021 |archive-date=November 8, 2023 |archive-url=https://web.archive.org/web/20231108110251/https://www.reuters.com/article/funding-startups-quora-idINL2N0N026820140409 |url-status=live }}
• Scribe{{Cite web |last=Hall |first=Christine |date=2024-10-18 |title=Scribe launches knowledge-capturing software that gets employees on the same page |url=https://techcrunch.com/2021/10/18/scribe-launches-knowledge-capturing-software-that-gets-employees-on-the-same-page/ |access-date=2024-08-22 |website=TechCrunch |language=en-US}}
• SenseTime{{Cite web |title=China's SenseTime, the world's highest-valued AI startup, closes $620M follow-on round |url=https://techcrunch.com/2018/05/30/even-more-money-for-senstime-ai-china/ |access-date=March 2, 2021 |website=TechCrunch |date=May 31, 2018 |language=en-US}}
• SoftBank Group{{Cite news |last=Ghosh |first=Sam Nussey, Sayantani |date=July 13, 2018 |title=SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global |language=en |work=Reuters |url=https://www.reuters.com/article/uk-softbank-group-tiger-global-stake-idINKBN1K129Q |access-date=March 2, 2021 |archive-date=November 8, 2023 |archive-url=https://web.archive.org/web/20231108110249/https://www.reuters.com/article/uk-softbank-group-tiger-global-stake-idINKBN1K129Q |url-status=live }}
• Spotify{{Cite web |date=May 6, 2018 |title=Tiger Global Among Top Spotify Holders With $1.9 Billion Stake - Bloomberg |website=Bloomberg News |url=https://www.bloomberg.com/news/articles/2018-04-03/tiger-global-among-top-spotify-holders-with-1-9-billion-stake |archive-url=https://web.archive.org/web/20180506114717/https://www.bloomberg.com/news/articles/2018-04-03/tiger-global-among-top-spotify-holders-with-1-9-billion-stake |archive-date=May 6, 2018 }}
• Stripe{{Cite web |title=Stripe is now valued at $20B after raising another $245M led by Tiger Global |url=https://techcrunch.com/2018/09/26/stripe-is-now-valued-at-20b-after-raising-another-245m-led-by-tiger-global/ |access-date=March 2, 2021 |website=TechCrunch |date=September 26, 2018 |language=en-US}}{{cite web|url=https://www.cnbc.com/2019/01/30/stripe-raises-100-million-from-tiger-global-at-22point5-billion-valuation.html|title=Stripe rides the online payments boom to a $22.5 billion valuation|website=CNBC|date=January 30, 2019|author1=Kate Rooney|author2=Ryan Browne|access-date=January 28, 2022|archive-date=August 6, 2019|archive-url=https://web.archive.org/web/20190806114934/https://www.cnbc.com/2019/01/30/stripe-raises-100-million-from-tiger-global-at-22point5-billion-valuation.html|url-status=live}}
• strongDM{{cite web |title=Infrastructure access platform StrongDM raises $54M |url=https://venturebeat.com/security/infrastructure-access-platform-strongdm-raises-55m/ |website=VentureBeat |language=en |date=September 15, 2021 |access-date=January 13, 2023 |archive-date=January 7, 2023 |archive-url=https://web.archive.org/web/20230107180239/https://venturebeat.com/security/infrastructure-access-platform-strongdm-raises-55m/ |url-status=live }}
• The Viral Fever{{Cite web|date=May 23, 2019|title=New Investment from Tiger Global doubles TVF's Valuation to $ 80 Million|url=https://www.nextbigbrand.in/new-investment-from-tiger-global-doubles-tvfs-valuation-to-80-million/amp/|access-date=April 6, 2021|website=YourStory.com}}
• UiPath{{Cite web |date=July 15, 2020 |title=UiPath Raises $225M to Become NYC's Newest Decacorn |url=https://www.alleywatch.com/2020/07/uipath-decacorn-valuation-rpa-ashim-gupta/ |access-date=March 2, 2021 |website=AlleyWatch |language=en-US |archive-date=February 10, 2021 |archive-url=https://web.archive.org/web/20210210092008/https://www.alleywatch.com/2020/07/uipath-decacorn-valuation-rpa-ashim-gupta/ |url-status=live }}
• Waymo{{Cite web|title=Alphabet's Waymo raises $2.5 billion in new investment round|url=https://www.cnbc.com/2021/06/16/alphabets-waymo-raises-2point5-billion-in-new-investment-round.html|website=cnbc.com|date=June 16, 2021|access-date=June 18, 2021|archive-date=June 18, 2021|archive-url=https://web.archive.org/web/20210618150551/https://www.cnbc.com/2021/06/16/alphabets-waymo-raises-2point5-billion-in-new-investment-round.html|url-status=live}}
• Yandex{{cite web |last1=Kruppa |first1=Miles |last2=Parkin |first2=Benjamin |title=Tiger Global: the technology investor ruffling Silicon Valley feathers |url=https://www.ft.com/content/54bb342c-230f-4438-a4d7-7cbde010ea1a |website=Financial Times |date=July 27, 2021 |access-date=October 19, 2021 |archive-date=October 28, 2021 |archive-url=https://web.archive.org/web/20211028172958/https://www.ft.com/content/54bb342c-230f-4438-a4d7-7cbde010ea1a |url-status=live }}

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{{reflist}}

• [https://www.tigerglobal.com// www.tigerglobal.com] (Company Website)

{{Private equity and venture capital}}

{{Hedge funds}}

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Category:Tiger Cub firms

Category:American companies established in 2001

Category:Financial services companies established in 2001

Category:Financial services companies based in New York City

Category:Hedge fund firms in New York City

Category:Investment companies based in New York City

Category:Private equity firms of the United States

Category:Venture capital firms of the United States