New York-based may be best known for leading late, large growth rounds in companies like , and , but the firm鈥檚 partners apparently are looking at the earliest stages of funding as their next frontier.
, partners at Tiger have committed $1 billion of their own money to invest in seed funds. The commitment entails partners investing a little more than $300 million in the funds every year, according to the report.
This year alone, Tiger has agreed to invest in funds from firms including , , and , according to the report.
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The news comes after that large crossover firms like Tiger and are pulling back on late-stage investments, as the public market鈥檚 rocky ride continues, and geopolitical tensions and inflation concerns continue to grow.
While the report refers to Tiger鈥檚 partners backing other firms’ funds, Tiger itself already has participated in more seed rounds this year than last, according to 附近上门 data.
Tiger has backed seven such rounds this year鈥攍eading or co-leading two鈥攚hile it invested in six all of last year. All six of those seed rounds Tiger led or co-led.
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