- Tiger Global is exploring options to cash in a piece of its more than $40bn portfolio of privately held companies.
- The New York-based investment group is working with an adviser to tap the so-called secondary market to help return money to some of its investors.
- Talks are at an early stage and potential buyers have said that any deal would probably be complicated by difficulties valuing Tiger’s private holdings.
- Other large venture capital firms have also been studying similar sales of parts of their private portfolios.
- The secondary market has become an increasingly popular tool to help firms return cash to their investors while public markets have been shut.
Financial Times — World — Private Equity — Us & Canadian Companies — Hedge Funds — Tiger Global Management Llc
Tiger Global looks to cash in part of $40bn portfolio of private companies
Tiger Global is exploring cashing in some of its $40bn portfolio of private companies with the help of an adviser to return money to investors by tapping the secondary market amid difficulties valuing private holdings.