The prolific Tiger Global senior partner who has been at the center of some of the firm's biggest deals is leaving the firm. He will be starting his own firm and will stay with Tiger until June.

The Tiger Global investor letter confirms the news. He has been appreciated for his work ethic and intelligence. We look forward to working together. As he was personally invested in a number of the portfolio companies, he will be working with the investment team to transition his responsibilities.

B2B software as a service, apps, infrastructure, artificial intelligence and machine learning are some of the things that will be invested in by the firm. There is no coin.

The decision to leave was made. It was the right time in the market for him to start his own firm since he had long wanted to do so.

The new firm has yet to start raising funds, but Curtius has a large network through his work at Tiger, which has included hundreds of investments from companies such as Databricks and CleverTap. It is not known if Tiger will support the fund.

Economic shifts have led to massive declines in publicly traded tech stocks, which has trickled down to put pressure on privately backed companies, which have seen their valuations slashed and funding dry up. Huge pressure has been placed on investment firms. Tiger, which has big investments in public tech firms, has seen losses of $17 billion by the middle of the year.

Tiger notes in its investor letter that high inflation, interest rates, and a recession seem likely. The last time investor sentiment measures were low was during the financial crisis.

Lower valuations and less investing activity are opportunities for investors who are willing to take leaps, since there are still a number of interesting companies being hatched and solid startups need to raise their next rounds.

According to The Information, a key partner at Tiger is leaving to start his own fund. The two investors aren't teaming up and the timing of the announcements is coincidence.

Tiger is not immune to the funding winter that is currently taking place in the market. The investor letter states that public funds generated losses, that public longs underpeforming led by positions in China, and that its private portfolio was down in the quarter. We have tried to position the portfolio in a way that makes sense in this market. Is it possible that this new activity could be called "funding spring"?

Forbes reported that a new fund will be called Cedar Investment Management. I don't know if that's word or wood on another firm named after a tree.