In 1993, Lee Ainslie was among the first “Tiger Cubs” to leave the legendary investor Julian Robertson’s Tiger Management and set out on his own. As a hedge fund, Ainslie’s firm, Maverick Capital, focused on public securities, but its analysts used the firm’s capital to occasionally invest in private companies—a so-called “crossover” approach that other Tiger Cubs like Chase Coleman employ.
David Singer, a seasoned operator who had served as the founding CEO of three publicly traded companies, joined Maverick in 2004 to lead its private investments. “Here I am 20 years later,” Singer told me on Friday.
