Key Takeaways
- • Tiger Global Management raised $11 billion for its Private Investment Partners 15 (PIP 15) fund and is targeting a final close of $12 billion by March 2022, exceeding its initial $10 billion fundraising target.
- • PIP 15 is Tiger Global's largest venture capital fund to date, investing in internet technology startups across the U.S., China, and India, with the firm's $65 billion venture capital unit already having deployed approximately one-third of capital as of November 2021.
- • The fund has attracted approximately $1.5 billion from Tiger Global employees, signaling internal conviction in the investment thesis and deployment strategy.
- • PIP 15 ranks among the top 10 largest venture capital funds ever raised, continuing Tiger Global's pattern of successive fundraises that each exceeded the prior round.
- • Scott Shleifer leads Tiger Global's venture capital operations within the broader $100 billion firm managed by Chase Coleman.
Summary
Tiger Global Management has secured $11 billion in commitments for its latest venture capital fund, Private Investment Partners 15 (PIP 15), with expectations to close at $12 billion by March 2022. The fund exceeds Tiger Global's initial $10 billion target and represents the firm's largest venture capital vehicle to date. PIP 15 focuses on internet technology startups across the United States, China, and India—geographic markets that have been central to Tiger Global's investment thesis since the firm's expansion into venture capital.
The fundraising milestone reflects continued institutional confidence in Tiger Global's venture strategy despite competitive market dynamics. The firm's $65 billion venture capital unit, led by Scott Shleifer, had already called approximately one-third of the capital committed to PIP 15 as of November 2021 and begun deploying it. This rapid deployment pace demonstrates Tiger Global's characteristic investment velocity and conviction in its target companies.
Employee participation in the fund totals approximately $1.5 billion, indicating alignment between the investment team and external limited partners. This co-investment structure is a standard signal of management confidence in fund performance and strategy execution. The successive fundraises across Tiger Global's venture portfolio—each larger than its predecessor—underscore sustained institutional investor appetite for the firm's technology-focused investment approach during a period of robust venture capital activity.
The fundraising milestone reflects continued institutional confidence in Tiger Global's venture strategy despite competitive market dynamics. The firm's $65 billion venture capital unit, led by Scott Shleifer, had already called approximately one-third of the capital committed to PIP 15 as of November 2021 and begun deploying it. This rapid deployment pace demonstrates Tiger Global's characteristic investment velocity and conviction in its target companies.
Employee participation in the fund totals approximately $1.5 billion, indicating alignment between the investment team and external limited partners. This co-investment structure is a standard signal of management confidence in fund performance and strategy execution. The successive fundraises across Tiger Global's venture portfolio—each larger than its predecessor—underscore sustained institutional investor appetite for the firm's technology-focused investment approach during a period of robust venture capital activity.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.