Tiger Global’s private equity chief Lee Fixel is leaving the firm after 13 years, Tiger Global said. Mr. Fixel, a former Wall Street analyst who assumed control of the firm’s private equity division in 2006, made key, late-stage investments in Facebook and LinkedIn which we reported brought in around $1.4 billion in profit. Mr. Fixel’s other high-profile investments for the firm include Peloton, Postmates, Juul, Spotify and Flipkart.
Mr. Fixel will continue working with the firm until July 30, and may start an investment firm of his own in the future. (If so, Mr. Fixel’s plans would be similar to those of former Tiger Global partner Feroz Dewan who left the firm in 2015 to launch his own fund.) With Mr. Fixel’s departure, Tiger global partner Scott Shleifer will take over the firm’s private equity division.