Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022.
Tiger was one of the most prolific investors in private technology start-ups during a venture boom that peaked in 2021. The New York-based firm raised a $12.7bn fund in 2021 and has built stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments company Stripe.
It started raising for its 16th fund in October 2022 and had received commitments of around $2bn by the middle of last year. Tiger closed the fund last week with total commitments of $2.2bn, according to a person with knowledge of the deal — suggesting it received further commitments of just $200mn in the intervening nine months.