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Apr

06

Hedge Funds Are the New Venture Firms

By Tony Seruga

Julian Robertson, founder of the investment firm Tiger Management.CreditRichard Drew/Associated Press

In Silicon Valley, hedge funds with billion-dollar reserves are becoming the new venture capitalists.

Tiger Global, a $20 billion investment firm started by Chase Coleman as a hedge fund, is one of three investors that has helped Nubank, a digital finance company in Brazil, raise tens of millions of dollars.

Lee Ainslie’s $10.5 billion hedge fund, Maverick Capital, is likewise dabbling in private start-up funding, as one of three investors in Vserv, a digital platform for mobile marketing and commerce in India and Southeast Asia that has raised more than $10 million…

Hedge Funds Are the New Venture Firms

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