Tiger Global Management, which has started the year with a blizzard of technology investments, wants to create another huge pool of capital for start-ups by raising a $10bn fund from investors.
So far in 2021, Tiger Global has taken part in 100 investment rounds in just over 120 days that have raised a total of $22.2bn for private tech companies, according to data from PitchBook.
Its latest venture fund comes just weeks after Tiger Global raised what eventually became a $6.7bn fund, after it initially sought $3.8bn. It told investors on a recent call that it would begin seeking the capital for its next fund, according to people briefed on the call.
Source: Financial Times
By Miles Kruppa