According to a report today, December 1, Tiger Global Management, an American investment firm, investors noted a significant 18% notional loss during the end of September, following the firm’s decision to reduce valuations for several companies in its portfolio.
Meanwhile, the Private Investment Partners (PIP) 15 fund, with an almost $13 billion valuation, reduced the value of an AI-powered email company, Superhuman, by 45%. Additionally, it lowered the valuation of the privacy-focused search engine platform DuckDuckGo by 72%, according to anonymous sources.
OpenSea & Other Portfolio Valuation Plunge
The American investment firm, Tiger Global, has marked down its stakes in the Bored Ape Yacht Club, an NFT collection encompassing 10,000 unique collectibles, by 69%. Moreover, the firm also marked down its stakes in the NFT marketplace OpenSea by 94%, according to a Bloomberg report.
The mentioned data illustrates a reduction in Tiger Global’s valuations ever since its initial inv
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