Hedge Fund Firms Shun VC Deals

Tiger Global, Coatue, and others made only a handful of investments in the first quarter, while at least five well-known firms made none.

Illustration by II

Illustration by II

Venture capital activity has all but dried up for the hedge funds (and/or their VC arms) that used to be among the most active in the private market for tech, internet, and new economy companies.

In the first quarter of 2023, at least five firms made no new private investments, while the rest made just a small fraction of the number of deals they had been accustomed to completing.

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