Tiger Global raises $7.7bn for latest fund

Reportedly, Fund XV is targeted at $10bn and could hold a final close in the spring.

New York growth equity investor Tiger Global Management has raised more than $7.7 billion for Fund XV, according to a regulatory filing.

The SEC filing indicates Tiger Global Private Investment Partners XV was raised from 681 investors and lists investment managers Charles Payson “Chase” Coleman III, founder of the hedge fund Tiger Global Management, and Scott Shleifer, who helped launched the firm’s private equity and venture investing arm in 2003.

Fund XV already ranks as the firm’s largest fund to date, although it remains open and is reportedly targeted at $10 billion, a final close expected in the spring. At the end of March 2021, Tiger closed on more than $6.6 billion for its prior fund.