Tiger Global Said to Put New Private-Equity Fund Into Facebook
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Chase Coleman’s Tiger Global LLC is raising $1.25 billion for its sixth private-equity fund and has used some of the money to increase its stake in Facebook Inc., according to two people briefed on the plan.
Tiger Global, based in New York, has $1 billion in commitments and plans to line up an additional $250 million by next month, said the people, who asked not to be identified because the information is private. Coleman, 35, has steered about $80 million from the new pool into Facebook, whose more than 600 million users make it the top social-networking site.