Shleifer to don role of senior adviser at Tiger

Scott Shleifer has stepped down as head of PE biz to be part of new panel

- Ranjani Raghavan & Sneha Shah

Tiger Global, which has invested several billions in the Indian startup ecosystem, will see its private equity (PE) head Scott Shleifer step down to a new role as senior adviser, the firm's founder Chase Coleman told investors earlier this week.

Shleifer's decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. The change will see Tiger Global forming a new investment committee (IC) for its private equity business which will be chaired by Chase Coleman and include Evan Feinberg, Eric Lane, Griffin Schroeder, in addition to Shleifer.

The IC will review new investments and oversee asset dispositions in private equity.