Tybourne Capital Management
| File:Tybourne Capital Management.svg | |
| Company type | Private |
|---|---|
| Industry | Investment Management |
| Founded | 2012 |
| Founders | Eashwar Krishnan Tanvir Ghani |
| Headquarters | AIA Central, Hong Kong |
| AUM | Template:US$ (2021) |
| Website | tybournecapital |
Tybourne Capital Management (Tybourne) is a growth-focused investment firm based in Hong Kong, with an additional office located in San Francisco. The company allocates capital across both public and private markets on a global scale.
Background
Established in 2012 by Eashwar Krishnan and Tanvir Ghani, Tybourne initially operated as a hedge fund. Prior to founding Tybourne, Krishnan served as head of Asia at Lone Pine Capital, while Ghani held the position of managing director for Prime brokerage at Goldman Sachs’ Hong Kong branch. Tybourne is identified as part of the Tiger Cub network, having originated from one of these firms. Its primary vehicle, the Tybourne Equity Master Fund, debuted with $500 million, utilizing a long/short equity approach before expanding to include a long-only strategy.
The flagship fund achieved returns of 16.04% in 2013 and 12.70% in 2015, maintaining consistent profitability through 2016. In 2015, Tybourne was among the top hedge fund purchasers of Alibaba American depositary receipts.
In 2019, the firm introduced the Tybourne Strategic Opportunities Fund to target private company investments, securing a $50 million commitment from the University of Michigan. This was followed by the launch of Tybourne Strategic Opportunities Fund II in 2021, which also attracted $50 million from the same institution.
During 2020, the Tybourne Equity Master Fund generated an approximate 53% return, benefiting from its effective positioning amid the COVID-19 pandemic. Nevertheless, in December 2021, Tybourne decided to close its $2.8 billion flagship hedge fund after experiencing a 16% loss that year, citing challenges related to profitability. Subsequently, the firm redirected its efforts solely towards long-only strategies and private market investments.
In February 2025, Tybourne declared its intention to discontinue managing public market assets for external clients in order to focus exclusively on opportunities within private markets.