Tiger Global Set To Close Sixth Private Equity Fund

Jan 24 2011 | 10:36am ET

Alternative investments firm Tiger Global has raised $1 billion for its sixth private equity fund, and plans to raise another $250 million before closing it.

The New York-based fund expects to line up the last commitments next month, Bloomberg News reports. The total committed to the new fund is about half the more than $2.5 billion Tiger Global has raised for its previous five funds over the past 10 years.

The firm's fifth fund, which raised $1.1 billion, has returned about 15% annually to investors since its inception in 2008, thanks in part to an early investment in the social-networking web site Facebook. Tiger Global has already poured about $80 million of the sixth fund into Facebook.

Tiger Global was founded by Tiger Management veteran Chase Coleman, who was the legendary hedge fund's chief technology analyst. In addition to its stable of p.e. funds, Tiger Global also manages some $4.4 billion in hedge funds.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...