Tiger Global raises $2.7 Bn for new fund, falls short of initial $6 Bn target
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Global tech-focussed investment major Tiger Global has raised $2.7 Bn for its new fund.The raised capital is 55% less than the target fund of $6 Bn set by the investment firm. The global venture capital firm started raising money for its 16th private equity fund last October. Now, it has completed the ‘first close’ of its fund and is looking to raise more cash, according to a FT report.