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Tiger Global cut VC fund valuations by a third last year

Tiger Global Management slashed the value of its investments in venture funds by about 33% last year, which equates to around $23 billion, according to a report by Bloomberg citing an unnamed source.

Around $9 billion of that markdown by the firm’s venture unit, which is led by Scott Shleifer, came in the second half of 2022, according to the source. 

Tiger Global, which also manages hedge and long-only funds, marked down the value of its private funds by almost a quarter in November last year according to an earlier Bloomberg report, while the firm’s hedge and long-only funds lost 56% and 67%, respectively, last year.

According to data from PitchBook, Tiger Global made made more venture and private equity investments between the start of 2021 and the end of 2022 than the previous eight years combined.

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