Tiger Global Is Falling Short of $6 Billion Target for New Fund
- The firm secures about $2 billion for venture capital fund
- Investors have had a lukewarm response to recent fundraisings
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Tiger Global Management LLC is falling short in attracting cash for its latest venture-capital fund, with investors so far committing about $2 billion of the $6 billion the firm had hoped to draw.
The hedge fund started marketing the Private Investment Partners Fund 16 to investors in October, and the so-called first close of the fundraising was in January, by which point a fund would typically have raised more than half of the targeted amount. Five months on, the vehicle has so far raised $2.06 billion, a filing on Friday showed.