Hedge Fund Manager Tiger Global Focus Silicon Valley
A part private equity manager and part hedge fund manager Tiger Global Management, has arose as among the most prominent of a growing club of Wall Street financiers.
As
increasing numbers of technology companies defer initial public
offerings, one influential Wall Street investor has stepped up to the
plate in Silicon Valley.
They
include hedge funds such as Coatue Management and Valiant Capital
Management; private equity groups such as Rizvi Traverse Management and
TPG; and mutual fund giants BlackRock, Fidelity and T. Rowe Price.
Their
traditional focus on larger companies in late stages of financing has
partially given way to a search for young companies that have proven
their chops and attracted investments from leading venture firms, but
have not yet held richly priced initial public offerings.
Source: Chicago Tribune