Investing
Tiger Global Targets $6 Billion for New Venture Capital Fund
- Move comes after firm announces exit of partner John Curtius
- Firm’s assets fell more than a third this year to $63 billion
A person uses a machine to count U.S. one-hundred dollar banknotes.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Tiger Global Management is seeking $6 billion for its next venture fund, even after writing down the value of its private portfolio and as institutional investors pull back from the asset class.
That’s less than the $8 billion some clients had initially been told the firm would likely target, as markets have changed and as Tiger Global focuses more on early-stage venture bets, according to people familiar with the matter, who asked not to be identified discussing private communications. The figure is also less than half the size of the preceding vintage.