Tiger Global Management

Tiger Global Management, founded in 2001 by Chase Coleman III, is a prominent New York-based investment firm renowned for its aggressive and high-volume approach to both public and private markets. The firm gained significant notoriety for its distinctive strategy in venture capital, particularly its rapid deployment of capital into late-stage technology companies globally. Unlike traditional venture firms, Tiger Global often moves quickly, sometimes bypassing extensive due diligence processes, to secure stakes in perceived market leaders across software, internet, consumer, and financial technology sectors. This "tour of duty" approach allowed them to build a vast portfolio at an unprecedented pace.

The firm's private investment arm, known for its Private Investment Partners (PIP) funds, has raised substantial capital, enabling its expansive investment activities. For instance, their PIP 15 fund closed at an impressive $12.7 billion in 2022, followed by PIP 16 at $6 billion in 2023, demonstrating their continued ability to attract significant institutional capital despite market shifts. Tiger Global typically targets growth-stage companies, often leading or co-leading large funding rounds. Their typical first check size for private investments generally ranges from $50 million to upwards of $500 million, targeting companies with proven business models and significant growth potential.

During the tech boom of 2020-2021, Tiger Global was one of the most active investors globally, making hundreds of investments and contributing to soaring valuations. However, the market correction in 2022-2023 led to significant write-downs in their private portfolio, prompting a more measured and selective investment pace. Despite these challenges, Tiger Global remains a formidable player in the global investment landscape, known for its long-term view and willingness to take substantial positions in transformative companies. Their impact on the venture ecosystem, particularly in accelerating funding rounds and scaling companies, has been profound.