Earlier this year, it was reported that Tiger Global suffered significant losses due to "markdowns in several investments." Reports suggested that the $36 billion firm booked substantial losses on its Juul investment. According to investor documents, private investments make up about 6% of the market exposure in Tiger Global's hedge funds and long-only public equity funds. However, last year, the firm lost its head of private equity, Lee Fixel, who left to start his own investment group. The group has announced more personal changes for the third quarter.