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Tiger Global's head of private equity arm to step down

Tiger Global Management LLC's head of private equity business, Lee Fixel, is poised to exit the investment firm June 30, Bloomberg News reported, citing an email from Tiger to investors.

The role will be assumed by Scott Shleifer, who co-founded Tiger's private equity business with Chase Coleman III in 2003, the firm reportedly said in the email. Shleifer and Coleman will remain co-portfolio managers of that segment.

"Lee expects to actively invest his own capital and may start an investment firm in the future," the news outlet quoted Tiger as saying in the email.

A spokeswoman for Tiger declined to provide additional comment, while Fixel could not be reached, according to Bloomberg.