Tiger Global Structure?

Based on the most helpful WSO content, Tiger Global operates with a structure that separates its focus on private and public investments. Here's what is known:

1. Private vs. Public Investments:

   • Tiger Global has distinct strategies for private and public investments. The private side focuses on growth investments, often targeting high-growth companies, particularly in the tech sector. This aligns with the return profile they have sold to their LPs, which is higher than traditional buyout strategies.
   • On the public side, they manage a public equities portfolio, which has faced significant challenges in recent years, as evidenced by substantial losses in their public books.

2. Investment Teams:

   • While specific details about the separation of teams are not explicitly outlined, it is implied that Tiger Global has dedicated teams or personnel for private and public investments. This is common in firms managing both asset classes to ensure specialized expertise.

3. Private Side Focus:

   • The private investment strategy is heavily growth-oriented. Tiger Global's private investments often involve a "Frankenstein-y" capital structure, which includes a mix of preferred-like units offering a coupon and debt instruments rather than a pure equity basis. This unique structure allows them to cater to a diverse set of LPs and manage risk differently compared to traditional private equity funds.

If you're looking for more granular details, it might be worth exploring Tiger Global's public filings or reaching out to industry professionals familiar with their operations.

Sources: SoftBank Vision Fund / GIC / Temasek, HFs are less snobbish than PEs, Credit Hedge Fund opportunities, Why do Top PE analysts / associates go to Tiger Cubs?, Private Equity vs Megafund Credit