Investing
Chase Coleman’s Tiger Global Is Slashing the Value of Its Venture Holdings by 24%
- Firm’s total assets have dropped by $42 billion this year
- The markdowns shed light on an opaque corner of the market
Stripe, Instacart and now-bankrupt crypto exchange FTX are among companies Tiger Global marked down.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Tiger Global Management marked down the value of its private funds by almost a quarter this year, contributing to a $42 billion decline in assets, one of the industry’s biggest ever.
In addition, some of the previously private but now-public companies held by Tiger Global’s venture unit lost value, according to people familiar with the matter. A representative for Chase Coleman’s New York-based firm declined to comment.