Three Tiger-Affiliated Firms Join in Credit Karma Deal
Financing round illustrates increasing popularity of private investments for hedge funds, particularly as companies delay their initial public offerings.
It’s no secret that a growing number of hedge fund firms with roots going back to Julian Robertson Jr.’s Tiger Management Corp. are investing in private companies.
On Tuesday three of them teamed up on the same deal.
Greenwich, Connecticut–based Viking Global Investors, New York–based Valinor Management and New York’s Tiger Global Management agreed to participate in the $175 million Series D funding round for Credit Karma, according to an announcement made by the company.