Chase Coleman back in action, leading Tiger Global’s venture unit!

Chase Coleman, the founder of Tiger Global Management, is retaking control of the firm’s $34 billion venture-capital arm after a period of scrutiny and client dissatisfaction under Scott Shleifer’s leadership. This follows a 33% markdown of the venture unit’s private portfolio in the previous year and an additional 6% this year, triggering client concerns. In response to these challenges, Coleman is taking over the venture unit and will lead a new venture investment committee. Shleifer will continue as a senior advisor and partner. This represents a strategic shift for Tiger Global, with Coleman aiming to recalibrate the firm’s investment approach and client relations. Clients have expressed frustration over losses and question the firm’s aggressive investing approach. Coleman’s reassertion of control is seen as a positive step by many clients, indicating a commitment to rectify past missteps. The firm’s future strategy will likely focus on a balanced approach to venture capital investments, with Coleman’s experience expected to guide Tiger Global through a critical period of transformation and adaptation.