Tiger Global Slashed Value of Venture Funds by a Third Last Year
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Tiger Global Management marked down the investments in its venture funds by about 33% last year, resulting in a $23 billion decline in value, according to a person familiar with the matter.
Around $9 billion of the markdown came in the second half of the year, said the person, who asked not to be identified because the information is private. A representative for the New York-based firm declined to comment.