Tiger Global Management

Tiger Global Management’s crossover fund deployed $70 billion into private tech at breakneck speed during 2020-2021, dramatically inflating startup valuations before the 2022 correction forced massive writedowns. By chasing growth at any cost, it funded over 600 deals in two years—a volume 3x higher than the average mega-fund—leading to a 35% decline in portfolio value. Unlike SoftBank Vision Fund’s concentrated bets, Tiger Global’s spray-and-pray strategy resulted in a median valuation overshoot of 40%, making it the most aggressive but also the most vulnerable to market downturns.