Tiger 21, the peer-to-peer investor group for ultra-wealthy investors, is celebrating the 15th anniversary of its founding in New York this spring.
The group recently added the 250th member to its ranks, and since then has taken on 10 new ones.
Members are primarily serial entrepreneurs, as well as corporate executives, Wall Street professionals, longtime private investors and senior members of top real estate firms and funds across the country.
These investors represent $25 billion in investable assets. The majority of members have $10 million to $100 million in assets, with a significant number well above the $100 million mark.
“Our members understand the value of the collective intelligence that is fostered through our peer groups and processes honed over 15 years,” Tiger 21 founder Michael Sonnenfeldt said in a statement.
“Although we are not a fund, the $25 billion of investable assets within our members’ personal portfolios now rivals many of the world’s largest private investment vehicles.”
In the past year, Tiger 21 has launched new groups in Austin, Atlanta, Chicago, Palm Beach, Florida, and Seattle. The existing network comprises Dallas, Los Angeles, New York, San Diego and San Francisco, along with the Canadian cities Calgary, Montreal, Toronto and Vancouver.
Over the years, well-known names in finance, investing, business and other fields, including George Soros and T. Boone Pickens, have addressed members. In May, Harvard Law professor Alan Dershowitz participated in a private Q&A session.
Check out Millionaires’ Top 5 Investing Mistakes on ThinkAdvisor.