Tiger 21, the peer-to-peer network for ultrawealthy investors, has experienced substantial growth in this decade, and is now looking to move to the next level.
The organization announced Monday that it had formed Tiger 21 Holdings, which will house both its membership operations and its purchasing advisor services unit, and had brought on board marketing and management executive Barbara Goodstein to serve as president and chief executive of the parent company.
Founded in 1999 as an idea-sharing forum for New York-based entrepreneurs who had recently sold their business, Tiger 21 has grown to 325 members groups in 18 North American cities with combined personal investable assets of more than $30 billion.
Tiger 21 formed Magnolia Purchasing Advisors in 2012 to leverage the combined purchasing power of its high-net-worth members when buying big-ticket products and services.
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The unit, which is about to complete its thousandth transaction, offers an umbrella liability insurance group policy with upward of $3 billion of coverage in place; aviation charter and purchase; and artwork, automobiles and other collectibles.
In the past year, Magnolia has begun serving clients beyond Tiger 21’s membership base, according to a statement.