Investor Questions: Tiger Global Management
All the requested information about Tiger Global Management is included both in the attached spreadsheet and in our research findings below.
Tiger Global Management
1. Key Pricipals Investing
- Two of Tiger Global Management's key principals who invest on behalf of the company are Chase Coleman and Scott Shleifer.
2. Fund size
- Tiger Global Management's fund size is approximately $30 billion.
3. Investment Philosophy
- Tiger Global Management states its investment philosophy on its Linkedin page. The firm introduces its investment philosophy in stating: "We have two strategies that each manage roughly the same amount of capital."
- The firm described the first such strategy in stating: "The Firm’s private equity strategy was launched in 2003. This strategy has a ten-year investment horizon and targets growth-oriented private companies from early to late stages, with an emphasis on businesses based in the U.S., China and India."
- The firm described the second such strategy in stating: " The Firm’s public equity business, founded in 2001, conducts deep fundamental research on our focus industries and geographies and seeks to make long-term investments in the companies we believe are best positioned to offer the highest returns."
- We also found that 30% of the company's investments have gone to "early stage (Series A and B) startups" and 20.5% of its investments have gone "toward Series C startups."
- Furthermore, 60% of Tiger's investments have been "made in companies located outside of the U.S."
4. Investments in Publicly Traded Companies
- The companies listed below are publicly traded companies that Tiger Global Management has invested in.
5. Investments in Publicly Traded Financial Services Companies
- The companies listed below are publicly traded financial services companies that Tiger Global Management has invested in.
6. 10 Unicorn Investments
- The companies listed below are unicorn companies (valuation that exceeds $1 billion) that Tiger Global Management has invested in.
7. 10 Non-Unicorn Investments
The companies listed below are non-unicorn companies that Tiger Global Management has invested in.
8. Interaction Between Tiger and Portfolio Companies' Management
- Information about any interaction between Tiger Global Management and its portfolio companies' management teams was very limited, but we were able to find the following two insights about such.
- First, according to a CNBC article, "Tiger had built a practice writing big checks to later-stage start-ups and often helping them expand their business to international markets."
- Second, at least one of Tiger Global Management's principals (Lee Fixel, who recently left the company) sat on the board of directors for some of Tiger's portfolio companies and is continuing to do so despite having recently left the firm. Thus, though Fixel is no longer with Tiger, it's reasonable to assume that other Tiger principals sit on the board of directors for other portfolio companies that the firm has invested in.
The main sources we used for identifying Tiger Global Management's portfolio companies were business databases such as Crunchbase and Holdings Channel. Information about Tiger's investment philosophy came directly from the firm's Linkedin page. We found key principals who invest on behalf of the firm through articles published by sources such as Institutional Investor, Forbes and Bloomberg. Since Tiger doesn't have a website, the only direct company source we used was its Linkedin page.