Summary List PlacementA hedge fund is eating venture capital's lunch. Tiger Global, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has participated in 110 startup financings so far this year, including breakouts like Clubhouse, Stripe, and Hopin, according to Pitchbook data. The company, which has $65 billion in assets under management, is competing for deals against some of the most well-endowed venture outlets in Silicon Valley, and it's winning.