Tybourne Capital Management
Hong Kong investment firm
From Wikipedia, the free encyclopedia
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.
| |
| Company type | Private |
|---|---|
| Industry | Investment Management |
| Founded | 2012 |
| Founders | Eashwar Krishnan Tanvir Ghani |
| Headquarters | AIA Central, Hong Kong |
| AUM | US$8.6 billion (2021)[1] |
| Website | tybournecapital |
| Footnotes / references [2] | |
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]