Even so, the fund's $2.7 billion in cash accounted for nearly a quarter of all the venture fundraising that occurred in the first quarter of 2023 and was one of only two billion dollar funds raised in the quarter, according to data from PitchBook. The firm is, however, actively fundraising for its 16th dedicated venture capital fund, which recently fell more than $3 billion short of a fundraising target on its first close. After a year of heavy losses, Tiger posted a gain of 15.5% for the first five months of 2023. However, a person familiar with the matter says that the firm is not actively raising capital for these funds, instead focusing on creating returns on its existing capital. Tiger's three hedge funds are open ended, meaning that they raise capital on a rolling basis and don't have explicit fundraising targets. Meanwhile, VC firms Insight Partners and TCV have struggled to hit targets. Private equity giants Apollo, TPG, and Carlyle have all been forced to moderate fundraising goals. Tiger is far from the only investment fund that has seen fundraising slow in recent months.
Its long-only fund posted a loss of 67%.Ī spokesperson for Tiger Global declined to comment for this story. In another instance, The Tiger Global flagship hedge fund raised just about $13 million since last July, a 0.1% increase, following a blow out fundraising year in which it saw more than $2 billion of inflows, a 19% increase.Īfter double-digit returns in 2020, Tiger's hedge fund saw a 56% loss in 2022. The same fund raised $1.4 billion over the same period a year earlier for a 226% increase. In one striking example, Tiger's Crossover fund raised nearly $18 million in new capital since last July for a 0.58% increase year over year. The same funds raised more than $4 billion over the same period a year earlier. This includes the firm's flagship hedge fund as well its crossover fund, created in 2021, which combines Tiger's public and private investments into a single strategy.īetween July 2022 and July 2023 the Tiger Global fund, the Tiger Global Crossover fund, and the Tiger Global Long Opportunities fund, through their US and Cayman Islands feeder funds, raised about $53 million in total. Now the firm is pulling back on fundraising for its hedge fund business and focusing on returns, according to SEC filings and a person familiar with the matter.Ī spate of recent filings show that three of Tiger's investment funds have slowed considerably on raising new capital following a year of massive inflows. At the same time the company continues to raise money for its latest venture capital fund.įor years, Tiger Global, Chase Coleman's $50 billion investment fund, went on a fundraising tear, raising billions of dollars in fresh capital and dominating the venture ecosystem in the process.The firm is focusing on creating returns on its existing capital, a strategy that may be paying off.Fundraising for Tiger's three hedge funds has slowed considerably after a year of massive inflows.application is used over Wi-Fi or the cellular data network.Account icon An icon in the shape of a person's head and shoulders. is not responsible for any data usage, overages, or other carrier related charges associated with data usage whether the Career Dimensions, Inc. There is no warranty or guaranty that the Program or its results will be appropriate for your specific purposes.Ī working internet connection on your device (Wi-Fi or cellular data) is required for this application.
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