Tiger Global Raises $3.75 Billion for 12th Venture Fund
- Demand was so strong some investor cash was turned away
- New fund will specialize in startups in the technology sector
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For the second time, Tiger Global Management has raised $3.75 billion for a venture fund as investors clamor for more private-equity deals.
Clients were told about the closing of the Private Investment Partners XII fund in a letter Friday, according to a copy seen by Bloomberg. A spokeswoman for the firm declined to comment.