By 2021—two many years right after private equity professional Fixel had left the fund to start out his possess firm—Tiger had taken its will need for increase a notch. The pace at which the company funded startups noticed a huge boost, and Tiger garnered a standing—met with A lot criticism from other venture rivals—for producing checks inside of mere days at lofty valuations.
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“The place There may be smoke, There exists frequently fireplace,�?says a former portfolio manager at pension fund Calpers, who says the memo in addition to Tiger’s financial investment action raises worries in regards to the agency’s technique and course of action.
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