TLDR:
- Tiger Global closes $2.2 billion fund well below original target
- The fund size reflects a change in investment strategy
In a surprising move, Tiger Global has closed a $2.2 billion fund that falls well below its original target. The fund size is significantly lower than the $3.75 billion the firm initially aimed to raise. This reduction in size reflects a shift in the company’s investment strategy. Tiger Global, known for its aggressive investing style and focus on technology companies, has been making smaller bets in recent years. Despite the fund being smaller than anticipated, it is still a substantial sum of money that will likely be put towards high-growth opportunities.
Investors in the fund are likely to benefit from the company’s successful track record in finding and backing successful tech startups. While the fund may be smaller than expected, the reputation of Tiger Global in the investment world is likely to attract a strong portfolio of companies seeking funding. This could lead to lucrative returns for investors in the long term.
