TLDR: This article discusses Tiger Global VC fund closing 63% below target with $2.2 billion
Key Points:
- 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.
- The fund raised $2.5 billion, falling significantly short of its $6 billion target.
The article discusses how the Tiger Global VC fund closed significantly below its target with $2.2 billion, which is 63% below the initial target of $6 billion. This marks the first time a Tiger venture pool has attracted less cash compared to the previous pool. The fund, Private Investment Partners 16, failed to reach its fundraising goal but still managed to gather $2.2 billion. Despite the shortfall, Tiger Global remains a prominent player in the venture capital industry, known for its investments in technology companies. The article highlights the challenges faced by even well-established funds in meeting their fundraising targets in today’s competitive market environment.
