Tybourne Capital Management (hk) LTD
Tybourne Capital Management (HK) Ltd is a growth investment firm founded in 2012 and headquartered in Hong Kong, with an additional office in San Francisco. Led by Eashwar Krishnan, former Head of Asia at Lone Pine Capital, Tybourne originally managed hedge funds and later focused on long-only and private investment strategies. The firm is known for serving institutional and high net worth clients, and is a member of the so-called 'Tiger Cub' hedge fund group. As of recent years, Tybourne primarily manages private market investments and has an estimated 33 employees.
Investment Strategy
Tybourne Capital Management began as a hedge fund, employing a long/short equity strategy via its flagship Equity Master Fund. It later expanded to include long-only equity and private investment funds with a global focus. As of 2025, the firm has exited public equity investing for external clients and now exclusively manages private market investments, targeting high-growth companies, particularly in Asia but with a global mandate. Historical strategies prioritized fundamental research and growth investing in both public and private markets.
Top Holdings
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FBRX | FORTE BIOSCIENCES INC (FBRX US) | 29.45% | $10.2M | 786,647 | $17.48 | $12.93 | +$5.4M |
T TSHA | TAYSHA GENE THERAPIES INC (TSHA US) | 27.39% | $9.5M | 4,095,000 | $4.46 | $2.31 | +$4.3M |
B BCYC | BICYCLE THERAPEUTICS LTD-ADR (BCYC US) | 20.00% | $6.9M | 993,743 | $12.24 | $6.95 | +$2.0M |
A ALMS | ALUMIS INC (ALMS US) | 12.15% | $4.2M | 1,399,250 | $3.00 | $3.00 | +$4.2M |
M MBUU | MALIBU BOATS INC (MBUU US) | 6.05% | $2.1M | 66,705 | $31.34 | $31.34 | +$2.1M |