Tiger Cubs Pounce Back: Billion-Dollar Checks, Broken IPOs, Repeat

KEY POINTS

•Tiger Cubs, hedge funds tied to the late Julian Robertson, are diving back into private markets in 2025.
•After 2022's tech market rout, firms like Tiger Global increased median private company valuations from $300 million to $2 billion.
•Coatue's Philippe Laffont and D1's Dan Sundheim criticized public markets as distracting and 'broken beyond repair.'
•Startups like Canva, Airwallex, and OpenAI have received major investments, with OpenAI's valuation soaring 30-fold since 2021.

After soiling their tech-romping diapers in 2022's brutal market rout, the Tiger Cubs hedge funds – including Tiger Global, Coatue, and D1 – are sharpening their claws and dropping staggering $2+ billion checks on private companies in 2025. Apparently, they’ve decided that public markets are a circus of distractions, with Philippe Laffont calling the IPO market 'broken beyond repair' (and who'd bet against spoiled IPOs?). Dan Sundheim of D1 admits public equities bring 'distraction and pressure' — like dating apps but for startups. Meanwhile, venture rounds have ballooned from $300 million in 2022 to eye-watering sums now, and startups like Canva, Airwallex, and OpenAI (which Tiger Global backed at $15.7 billion in 2021 and now values 30x higher) are riding another tiger-funded money wave. Chase Coleman crowed, 'it's on,' at Robin Hood, proving that hedge funds will keep chasing private unicorns no matter how many get spooked by public market rollercoasters.

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Mockingbird News

@MockingbirdNews · now

Tiger Cubs can't resist the shiny private market tiger bars again, dropping $2B+ checks like it's 2021 part deux, ignoring public IPO carnage like it's a minor inconvenience.

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