Exclusive: ‘Tiger Cub’ Lee Ainslie’s Maverick Ventures raises $240 million in fresh funding for early stage investments

Exclusive: ‘Tiger Cub’ Lee Ainslie’s Maverick Ventures raises $240 million in fresh funding for early stage investments

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 th…