The LSE Directory / Hedge funds
Tiger Global Management LLC is a New York based investment firm, registered as an investment adviser with the U.S. Securities and Exchange Commission, that runs two parallel businesses out of one research team: a public equity hedge fund complex, built around the flagship long/short Tiger Global Investments fund and the long only Tiger Global Long Opportunities fund, and a series of closed end private equity and venture capital funds that take growth stage and late stage positions in technology companies ahead of a public listing. Its client base is limited to accredited and qualified investors, and the firm does not tailor fund terms to individual client restrictions. Within the crossover hedge fund and venture landscape, Tiger Global's distinguishing feature is combining liquid public stock picking and illiquid private growth investing under one internet, software, consumer and financial technology focused research process rather than running the two disciplines as separate firms. Fee terms differ by vehicle: 1.5% management plus a 20% performance fee on the open ended long/short fund, 1.25% on the Long Opportunities fund, and 2% management plus a 20 to 25% performance fee on the private equity funds. Its fifteenth private equity fund closed in March 2022 with $12.7 billion in committed capital from roughly 900 investors, at the time the largest private fund the firm had raised. The firm was founded in March 2001 by Chase Coleman III, who had worked as a technology analyst under Julian Robertson at Tiger Management before Robertson closed that fund in 2000 and seeded several former analysts, Coleman among them, as independent "Tiger Cub" managers. Scott Shleifer built out the private equity and venture side of the business from 2003 until stepping back to an advisory role in November 2023. Tiger Global's venture book has included early or growth stage stakes in Alibaba, ByteDance, Coinbase, Facebook, Flipkart, JD.com, LinkedIn, Nubank, Spotify, Stripe and Waymo. Firm wide assets under management were reported near $86 billion at the end of 2021, then the firm posted losses in 2022 that the Wall Street Journal described as among the largest in hedge fund history, with the hedge fund down 52% and the long only fund down 62% through June of that year. A 24% gain in 2024 helped rebuild the book, and SEC filing data reported in mid-2026 put firm wide AUM at roughly $78 billion. Coverage in early 2026 describes a more concentrated Tiger Global than at its 2021 peak, with stricter valuation discipline, more weight on free cash flow, and higher conviction positions in areas such as AI infrastructure, consumer technology and developer tools rather than broad based growth investing. Consistent with that renewed West Coast focus, the firm signed a lease in early 2026 for about 4,000 square feet on the 44th floor of San Francisco's Transamerica Pyramid, reportedly around $300 per square foot against a city median nearer $70, describing itself as a longtime Bay Area investor growing its footprint there.
