Lee Fixel, a partner and head of the $13 billion private equity business at Tiger Global, plans to leave the firm on June 30, according to a letter sent to clients on Thursday seen by Reuters.Scott Shleifer and Chase Coleman will continue as co-portfolio managers of Tiger Global's private equity business, with Shleifer to take over as its head, according to the letter.
Fixel, who joined Tiger Global in 2006, will invest his own money and "may start an investment firm in the future," Tiger Global wrote in the letter.
Lee Fixel was one of the most fervent backers of the Indian consumer internet story having spotted the opportunity more than a decade ago. Flipkart was his biggest bet in the country.
"We are grateful for Lee's innumerable contributions," the letter said. "Lee has been a driving force behind the expansion of Tiger Global's private equity investing activities in the United States and India, and he has distinguished himself as a world-class investor."
A spokeswoman for Tiger Global, which manages $26 billion overall, declined to comment. Fixel did not immediately respond to an email seeking comment.
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