New York-based Tiger Global, which is known worldwide for its technology-focused investments, is set to see a major rejig in its senior management as Scott Shleifer, who is a key partner and one of the first employees of the firm, has decided to step down from his role.
The news was first reported by The Information on Wednesday. Shleifer, however, will continue to be a senior advisor at the investment firm that manages over $30 billion in private equity (PE) across the world.
Chase Coleman, founder of Tiger Global, will oversee the firm’s private equity and public company investing businesses, the report added.
Shleifer, who joined Tiger Global in 2002 two years after its inception, has not only helped the firm move into private investments but has also spearheaded several investments—even the ones in 2021-2022, when valuations were sky-high.
This, however, is not the first high-profile exit of a top executive at Tiger Global.
In 2015, when Tiger had already made its mark in India with some high-profile investments, its public markets head Feroz Dewan quit to launch Arena Holdings.
In 2019, its private market co-head Lee Fixel moved on. He now runs Addition, which has over $7 billion in assets under management.
More recently, in 2022, John Curtius, the partner overseeing the firm’s software bets, also left.
