Tiger Global VC Fund Closes 63% Below Target With $2.2 Billion
- Firm told investors in 2022 that it aimed to raise $6 billion
- PIP 16 is dwarfed by previous fund, which raised $12.7 billion
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Tiger Global Management gathered about $2.2 billion for its latest venture-capital fund, well short of a $6 billion target and its smallest fundraising haul in roughly a decade, according to people familiar with the matter.
Last week’s final close of Private Investment Partners 16 fund marks the first time a Tiger venture pool attracted less cash than the vintage that preceded it.