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Alex Cook , a collaborator at Tiger Global who superintend some of its largest fintech investments and India batch , is deviate the business firm after a term of office of near seven long time , three multitude familiar with the matter told TechCrunch .
Cook has briefed multiple people around him about his departure intelligence in late solar day , although he has n’t explicate why he was leaving . The sources requested namelessness as the conversation were private .
His difference tot up to high - profile fault within Tiger Global . Scott Shleifer , who antecedently lead the business firm ’s secret equity business , motivate to a elderly advisory office last year . John Curtius , who led the firm ’s software investments , leave behind in late 2022 .
Cook ground many fintech deals for Tiger Global , including TradingView , TrueLayer , Scalapay , Xendit , Selfbook , Fazz and Refyne . The median size of his deals were about $ 35 million whereas the average valuation stand at magnetic north of $ 250 million , according to PitchBook .
The departure has come as a surprise to at least some founders . Cook spoke frequently — multiple times a week — to laminitis , according to some business relationship . He put on province for managing relationships with some portfolio startup previously overseen by Shleifer , accord to people familiar with the matter .
Tiger Global refuse to comment .
Cook ’s focus extended importantly to emerge markets , particularly India , where he often chatter and contact with founders in mortal . In July 2022 , for instance , he told founders in Bengaluru , India , that Tiger Global wasabout to slow its rate of investment , TechCrunch reported at the time .
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This development comes at a challenging clock time for the speculation industry . Tiger Global raise $ 2.2 billion for its late VC fund , its small fundraising campaign in a 10 and a barren contrast to its premature class of racy investor need that had allowed the New York - based giant to provoke increasingly larger funds , including its record $ 12.7 billion investment company . At $ 2.2 billion , to be certain , Tiger Global is still manoeuver one of the expectant funds .
Amid this unmanageable fundraising climate , fuel by investor caution towards VC and individual equity investments due to decline returns , Tiger Global announced a significant leadership change in November , with founder Chase Coleman assuming the role of venture chief from Shleifer . Coleman has taken on the responsibility of managing relationships with sealed key portfolio startups globally , according to the great unwashed familiar with the topic .
