Tiger Global apologizes to LPs: its $12.7 billion venture capital fund recorded a 20% loss
ChainCatcher news, The Information reported that Tiger Global Management ([Tiger Global](https://www.rootdata.com/zh/Investors/detail/Tiger Global?k=MTE4) recently informed LPs that as of the end of last year, its $12.7 billion venture capital fund recorded a 20% loss.Tiger Global stated, "We underestimated the impact of rising inflation and overestimated the sustainability of the business growth brought by the pandemic to our portfolio." Additionally, Tiger Global is working with banks to liquidate its shares in other venture capital funds.According to the crypto data platform RootData, in 2022, Tiger Global made about 40 investments in Web3, among which there were projects with single financing amounts exceeding $100 million, including FTX, Gnosis Safe, FalconX, StarkWare, NEAR Protocol, Helium, LayerZero, FanCraze, [Yuga Labs](https://www.rootdata.com/zh/Projects/detail/Yuga Labs?k=MzM4Ng==), Aptos, [Amber Group](https://www.rootdata.com/zh/Projects/detail/Amber Group?k=NDA4Nw==), Polygon, Aleo, and Blockdaemon. (Source link)