Behind Tiger Global’s Other Big Business

Chase Coleman and Feroz Dewan’s hedge fund business grabs all the headlines, but its private equity arm has been busy financing some big-name companies.

Charles (Chase) Coleman III’s Tiger Global Management is best known for its roughly $6 billion hedge fund business, which is run on a day-to-day basis by partner Feroz Dewan. The funds — Tiger Global LP and Tiger Global Ltd., which have a strong emphasis these days on tech and Internet stocks — earned a 14 percent return last year after gaining 21 percent in 2012 and 45 percent in 2011.

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