Tiger Global's largest risk fund reduced its holdings of BAYC shares and OpenSea shares

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Cointime2023/12/01 00:18

By:Cointime

According to insiders, investors in the largest venture capital fund under Tiger Global Management suffered an 18% paper loss at the end of September after the company reduced the valuations of several portfolio companies. Insiders say the $13 billion Private Investment Partners 15 fund lowered the valuation of AI-driven email company Superhuman by 45% and lowered the valuation of privacy search engine platform DuckDuckGo by 72%. Insiders also say Tiger Global reduced its stake in Bored Ape Yacht Club by 69% and reduced its stake in NFT marketplace OpenSea by 94%. Last year, Tiger Global reduced the valuation of its risk fund by about 33%, resulting in a $23 billion decrease in value. The PIP 15 fund completed its final close last year.

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