Tybourne Capital Management

Eashwar Krishnan, the firm's founder and CEO, retains final authority over the long-short public-equity portfolio and shapes the overall capital-allocation framework. Vishesh Shrivastav leads the private-investment book as Managing Director and Head of Private Investments, a role formalized when he was promoted in May 2024 (per the firm's official communications). The firm operates with a small senior investment team rather than a distributed sector-pod structure, which concentrates decision-making among a tight group.

Tybourne's sourcing model combines direct relationships with venture-backed founders and co-investor networks that include Sequoia, Tiger Global, and DST Global. The San Francisco office provides proximity to Silicon Valley deal flow, while the Hong Kong headquarters covers Indian and Southeast Asian growth-stage companies through on-the-ground relationships. Krishnan's Lone Pine Capital alumni network also contributes to the top-of-funnel, especially for public-market crossover rounds.

Tybourne is best described as a hybrid: the core strategy is a concentrated global long-short equity hedge fund, but the firm operates a dedicated private-growth vehicle as an integral, parallel strategy. This structure allows the firm to participate directly in late-stage venture and pre-IPO rounds without forcing illiquid assets into the liquidity-constrained hedge-fund vehicle. The two sleeves share research and sector expertise but are managed as separate pools.

Tybourne's private strategy focuses primarily on direct equity positions in growth-stage and pre-IPO companies rather than blind-pool venture fund commitments. There is no public evidence of the firm acting as a limited partner in third-party venture funds, though it frequently co-invests alongside top-tier venture firms in direct rounds. This direct-only posture gives the firm full control over sizing, entry timing, and portfolio construction.

Tybourne concentrates on growth and late-stage venture, with a specific focus on pre-IPO rounds. The firm typically enters when companies have proven product-market fit, established revenue run rates, and a visible path to a liquidity event within 12–24 months. It does not operate a seed or early-stage program, which distinguishes it from traditional venture firms that build positions across the full life cycle.

The firm's mandate covers technology, media, telecom, and consumer internet globally, with portfolio evidence of positions in enterprise software (Snowflake), fintech (Affirm), food delivery and mobility platforms (DoorDash), and Indian consumer-tech and fintech names (Razorpay, PharmEasy). AI/ML and digital health have emerged as thematic areas in more recent allocations, though the firm does not publish a formal sector-exclusion list.

Tybourne operates a dual-office structure with headquarters in Hong Kong and an additional base in San Francisco. The Hong Kong office serves as the primary investment hub for Asia, covering Greater China, India, and Southeast Asia, while the San Francisco office anchors North American coverage and provides direct access to Silicon Valley deal flow. The firm's portfolio spans both developed-market technology platforms and emerging-market consumer-internet scale-ups.