Finance
Tiger Seeks to Sell Private-Company Stakes Into Secondary Market
- Firm would offload hundreds of millions of dollars in assets
- Exit strategy sought with fewer companies going public
Chase Coleman
Photographer: Amanda L. Gordon/BloombergTiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the secondary market, according to people with knowledge of the matter.
The vast majority of assets at Chase Coleman’s firm, which managed $51 billion at the beginning of the year, is in startups. The investment firm has hired an adviser to explore options to sell a portion of that, the Financial Times reported Sunday.