Another Partner Leaving Tiger Global
Just saw the news that another partner is leaving Tiger Global. Is this a sign that Tiger is approaching its end?
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It isn’t approaching it’s end. It already ended. I think the LPs haven’t redeemed because the capital lock duration isn’t up yet. This will become a family office in within the next 5 years.
Really sucks for the APO folks who left APO for this firm right before it came crashing down in 2022
I don't think so. They were probably given a guarantee comp, even though performance was not up to par, we can be sure they made more than what they would have at APO. Another thing is that the connections you make while being at Tiger, you have access to almost all SM funds, some MMs, fellow Tiger Cubs and good start-ups where you can safely exit to should the firm dissolve.
Duration matters much more than near-term comp numbers...
After few $20m years who cares about duration. You are set
Were analysts really clipping that much???
Lol
Yup everyone knows it works that way. The kid with 4-5yrs of cumulative professional experience, who basically did expert network call notes all year for a 15 line DCF, OBVIOUSLY gets dished out 20 mil.
I mean in a year that good there is soooo much money and they just throw it around to everyone who is there. Its a problem, they had to tell Chase to stop throwing money around because the AUM to IP ratio was just soo high. He accidently gave the elevator operator 500k.
Also sure you have pretty sweet exits from brand alone
So many of those dudes left in like 2017-2018 and got paid in 2020. I wouldn't worry about them.
Whoa, sucks that the employees there will only make $30mm a year now instead of $100mm
Username checks out
Why was he doing VC investments for Tiger when he came from a PE/credit background
How can they support this payday when u are like 5 years of 20% gains from reaching HWM (no carry) + most of the current capital base being Chase’ own money (non-fee generating). Many pod pms don’t get 30M less 100M
I mean with that high watermark looming and all the bad press, I can't imagine why any partners would want to stay. They're probably downgrading to a family office before 2030.
Why they would want to stay? What other choice do they have?
If you’re a partner at Tiger Global that means you played a principal role in blowing it up, which means the investment world views you as a physical moron.
Luckily, you bilked your investors out of tens of millions of dollars to personally enrich yourself over the last handful of years before the music stopped, so you’ll be fine. But let’s not pretend like these people have any options other than running their own money.
Where did Lehman Brothers’ CFO and Chief Risk Officer land post-GFC?
What is a physical moron? Compared to a virtual one?
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