Tiger Global’s Biggest Venture Fund Has 18% Loss After Markdowns

Investors in Tiger Global Management’s biggest venture fund were sitting on an 18% paper loss at the end of September after the firm slashed valuations for multiple portfolio companies, according to people familiar with the matter.

The nearly $13 billion Private Investment Partners 15 fund marked down AI-powered email company Superhuman by 45% and cut its valuation for privacy search engine platform DuckDuckGo by 72%, said the people, who asked not to be identified because the information is private.

Tiger Global also marked down its stakes in Bored Ape Yacht Club, a collection of nonfungible tokens, by 69%, and ...