11/23/23, 3:20 PM Tiger Global’s private investment head Scott Shleifer steps down - The Hindu BusinessLine

Tiger Global founderOpen

Chase
in AppColeman will be now taking over the firm’s private
equity and public company investing businesses, reports added.
ADVERTISEMENT

The major shakedown at the top of the hedge fund comes at a time after its
investment of a record $19 billion in the private market in a two-year period
starting from 2021. However, as the market saw a correction in late 2022, Tiger
saw the valuation of its assets plummet.
Also read: Julius Baer promotes Kunal Sumaya as Market Head Global NRI

According to The Information, the $12.7-billion venture fund — launched in

October 2021 — had a loss of 20 per cent on paper, net of management fees.
Key exits
Over the course of the period, Tiger Global has been witnessing key exits. Just
last year, the US hedge fund saw the exit of John Curtius, the partner who was
heading Tiger’s SaaS bets. Prior to that, Lee Fixel, who led Tiger’s investment in
India, quit in 2019. Fixel is well known for his bets on Flipkart – a deal that
earned Tiger hefty returns. Fixel later went on to launch his own VC firm
Addition and has already invested in Indian start-ups such as Delhivery, which
went public in 2021.
In the Indian context, Tiger Global, along with SoftBank, is known for producing
unicorns with its handsome cheques. Tiger has backed 40 out of the 111 Indian
unicorns. Some of these unicorns include CRED, Delhivery, BharatPe, Urban
Company, and Mensa Brands.

Get Curated Updates

Sign up for our free newsletters to get in-depth
analyses, previews for the day ahead,
thoughtful roundups and more.

EXPLORE OUR NEWSLETTERS

By providing your email, you agree to THG's Privacy Policy

https://www.thehindubusinessline.com/companies/tiger-globals-private-investment-head-scott-shleifer-steps-down/article67561614.ece 2/4
11/23/23, 3:20 PM Tiger Global’s private investment head Scott Shleifer steps down - The Hindu BusinessLine

ADVERTISEMENT

https://www.thehindubusinessline.com/companies/tiger-globals-private-investment-head-scott-shleifer-steps-down/article67561614.ece 4/4