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Tiger Global Management

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Tiger Global Exposes Ex-Employee's Misinformation Attacks
business2 years ago

Tiger Global Exposes Ex-Employee's Misinformation Attacks

Investment firm Tiger Global Management has informed its limited partners that it has been targeted in a series of misinformation attacks by a former employee. The firm responded to a document containing unsubstantiated allegations about the investment firm, allegedly a draft article by The New Yorker magazine, which has been circulating in venture capitalist, hedge fund, and media circles. Tiger Global stated that the document was written by a disgruntled former employee with whom they recently parted ways and that the attacks are filled with lies. The firm has engaged experts to help respond to the allegations. Tiger Global manages approximately $50 billion in assets.

Tiger Global's Struggle to Raise Funds Amid Tech Valuation Concerns
finance2 years ago

Tiger Global's Struggle to Raise Funds Amid Tech Valuation Concerns

Tiger Global Management has raised $2.7 billion for its new investment fund, which is 55% less than its $6 billion goal set last fall and 79% less than its prior investment fund raised early last year. The firm continues to raise more capital. Other key "megafunds" have also set lower targets or raised significantly less than planned due to falling valuations of mature startups and investor skepticism.