An exclusive networking organization for super-wealthy investors announced Tuesday its entrance into North Carolina with the launch of a chapter in Charlotte.
TIGER 21, based in New York, was founded in 1999 by Michael Sonnenfeldt, a graduate of the Massachusetts Institute of Technology. Charlotte marks the 23rd market for the organization, whose members must go through a screening process and pay dues of $30,000 a year to participate in meetings and other events that teach them investment strategies.
In a statement, TIGER 21 CEO Barbara Goodstein cited North Carolina’s decades-long reputation as a hub of innovation, entrepreneurship and higher education as among factors in the launch of the Charlotte group. Its other groups are scattered across the U.S. and Canada.
Chris Cecil will serve as chairman of the Charlotte group. He is president of wealth-management firm Biltmore Family Office, whose main office is in Charlotte.
TIGER, which is short for The Investment Group for Enhanced Results in the 21st Century, currently counts more than 400 members who combined manage more than $40 billion in personal assets.