avatar

Tiger Global to Raise $6 Billion for New Venture Fund After Writing Down Investment in FTX

Tiger Global Management has tapped Morgan Stanley's wealth-management arm as it seeks to raise $6 billion for its next venture fund. The vehicle, Tiger Global Private Investment Partners 16, will invest in startups with a focus on enterprise themes and India.

The move comes as the firm has had to write down investments in its private portfolio, which included a wager on collapsed crypto exchange FTX.

The PIP 16 fund will make investments over a period of at least two years, and if it raises $6 billion, will be Tiger’s third-largest private vehicle.

Source

Fund

FTX

Related News
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report
Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures
BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high
Latest News More More
3 Hours Ago USDC closes in on $61 billion as institutional demand outpaces USDT growth
1 Day Ago Kraken launches forex perpetual futures with up to 20x leverage
1 Day Ago Bybit CEO says nearly 28% of $1.4 billion hacked crypto 'gone dark,' moved to P2P and OTC
4 Days Ago Eliza Labs unveils auto.fun, a no-code AI agent launchpad with 'fairer than fair' token model
4 Days Ago Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open