Bloomberg: Tiger Global establishes a new fund and plans to raise $6 billion after writing down its investment in FTX
According to ChainCatcher news, citing sources familiar with the matter from Bloomberg, Tiger Global Management has established a new fund called "Tiger Global Private Investment Partners 16" and is in talks with Morgan Stanley's wealth management division to raise $6 billion for the fund.
The report states that Tiger Global is launching this fund because it has had to write down previous private investment portfolio assets, including those written down due to losses from its investment in FTX. PIP 16 will begin investing within two years, and if it successfully raises $6 billion, it will become the third-largest investment fund under Tiger Global Management. (Bloomberg)
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