There was a time when Tiger Global was writing checks left and right, pouring capital into hundreds of startups in a year, but that’s not the case anymore. The firm was a key driver of the venture capital boom during the pandemic, backing 315 startups in 2021 alone, according to PitchBook.
However, Tiger Global is now taking a more disciplined approach to investing its PIP funds, deploying just $1.2 billion into eight new investments and 14 reloads into existing outperformers in all of 2024.
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In the firm’s letter to PIP investors, which was obtained by Hedge Fund Alpha, the Tiger Global team said they...
