Tybourne Capital Management

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Tybourne Capital Management
Company type Private
Industry Investment Management
Founded2012;13 years ago (2012)
FoundersEashwar Krishnan
Tanvir Ghani
Headquarters AIA Central, Hong Kong
AUM US$8.6 billion (2021) [1]
Website tybournecapital.com
Footnotes /references
[2]

Tybourne Capital Management (Tybourne) is a growth investment firm based in Hong Kong with an additional office in San Francisco. The firm makes investments in both public and private markets globally.

Contents

Background

Tybourne was founded as a hedge fund in 2012 by Eashwar Krishnan and Tanvir Ghani. [3] [4] [5] [6] Krishnan was previously the Head of Asia at Lone Pine Capital. [3] [4] [5] [6] [7] Ghani was previously a managing director of Prime brokerage at Hong Kong office of Goldman Sachs. [3] [6] [7] Tybourne is considered part of the Tiger Cub group due to the firm being spun out from one. [8] The flagship fund known as the Tybourne Equity Master Fund raised $500 million in its debut and employed a Long/short equity strategy. [3] [9] Later on it would also have a long-only fund. [7]

Tybourne's flagship fund had a return of 16.04% and 12.70% in 2013 and 2015 respectively. [4] [9] In 2015, Tybourne was ranked as one of the largest hedge fund buyer of Alibaba American depositary receipts. [5] From a report near the end of 2016 from Bloomberg News , the fund made money every year. [7]

In 2019, Tybourne established the Tybourne Strategic Opportunities Fund which would invest in private companies. [6] [10] The University of Michigan committed $50 million to the fund. [10]

In 2020, the Tybourne Equity Master Fund returned almost 53% after a successful COVID-19 strategy. [11] [12]

In May 2021, Tybourne established the Tybourne Strategic Opportunities Fund II. [6] In July, the University of Michigan committed another $50 million to that fund. [6]

In December 2021, Tybourne shut down its $2.8 billion flagship hedge fund and returned money to investors citing difficulties in profitability. [12] The Fund declined by over 16% during 2021. [12] The firm going forward would focus only on its long-only strategy and private investment funds. [12]

In February 2025, Tybourne announced it would stop managing public market investments for clients and would focus only on private investments. [13]

Notable private investments

References

  1. ↑ "Hedge Funds Push Deeper Into Private Equity's Turf in Asia". Bloomberg.com. 16 June 2021. Archived from the original on 30 October 2021. Retrieved 6 March 2023.
  2. ↑ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 6 March 2023. Retrieved 6 March 2023.
  3. 1 2 3 4 "Ex-Lone Pine Manager Is Said to Start $500 Million Hedge Fund". Bloomberg.com. 17 July 2012. Archived from the original on 4 September 2016. Retrieved 6 March 2023.
  4. 1 2 3 Lamar, Mia. "Tybourne Flagship Fund Gains in 2013". WSJ. Retrieved 6 March 2023.
  5. 1 2 3 "Tybourne, Myriad Among Largest Hedge-Fund Buyers of Alibaba". Bloomberg.com. 18 November 2015. Archived from the original on 1 June 2016. Retrieved 6 March 2023.
  6. 1 2 3 4 5 6 "University of Michigan commits $50m to Tybourne Capital's latest private fund". 8 December 2021. Archived from the original on 8 December 2021. Retrieved 6 March 2023.
  7. 1 2 3 4 "Tybourne Capital's Anand Plans Asia-Focused Hedge Fund". Bloomberg.com. 28 November 2016. Archived from the original on 29 November 2016. Retrieved 6 March 2023.
  8. ↑ "Tiger Cubs: How Julian Robertson built a hedge fund dynasty". Financial Times. 4 June 2021. Archived from the original on 6 March 2023. Retrieved 6 March 2023.
  9. 1 2 "Tiger Grandcub Tybourne Posts Double-Digit Gains". Institutional Investor. Archived from the original on 6 March 2023. Retrieved 6 March 2023.
  10. 1 2 "Absolute Return and Alternative Asset Commitments" (PDF). University of Michigan. May 2020. Archived (PDF) from the original on 6 March 2023. Retrieved 6 March 2023.
  11. ↑ "This Hong Kong Hedge Fund With Tiger Management Ties Crushed It in the Second Quarter". Institutional Investor. Archived from the original on 6 March 2023. Retrieved 6 March 2023.
  12. 1 2 3 4 "Hong Kong's Tybourne to Shut $2.8 Billion Hedge Fund". Bloomberg.com. 15 December 2021. Archived from the original on 20 December 2021. Retrieved 6 March 2023.
  13. ↑ Hu, Bei (20 February 2024). "Tybourne to Return External Capital in Long-Only Funds". Bloomberg News.
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