Investing
Tiger Global’s Venture Fund Offered to Morgan Stanley’s Richest Clients
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Chase Coleman’s Tiger Global Management has tapped Morgan Stanley’s wealth-management arm as it seeks to raise $6 billion for its next venture fund, according to people with knowledge of the matter.
The vehicle, Tiger Global Private Investment Partners 16, will invest in startups with a focus on enterprise themes and India. The move comes as the firm has had to write down investments in its private portfolio -- which included a wager on collapsed crypto exchange FTX -- and as institutional investor appetite for the asset class diminishes.