Tiger Global Management posted a 20% loss on its $12.7 billion venture capital fund at the end of 2022.
The news came up shortly after The Wall Street Journal reported that the company had brought down its investment in its venture capital funds by approximately 33%.
Tiger Global marking down assets
Tiger had partnered with several bankrupt firms, including FTX, Blockfi, and Babel, and others on the verge of collapsing, such as SERUM and Amber. It is unclear if Tiger has active accounts that result in losses in these companies.
Author: Julius Mutunkei
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