Tiger Global Management, which aims to raise another বিশাল 10 billion in funding for start-ups by raising বিনিয়োগ 10 billion from investors with a flash of technology investment earlier this year.
In 2021, Tiger Global participated in 100 investment rounds in just 120 days, raising a total of .2 22.2 billion for private technology companies, according to Pitchbook.
After Tiger Global initially asked for 8 8.38 billion, its latest venture fund comes just weeks after Tiger Global was finally raised as a 6.7bn fund. The brief said.
The relentless pace of the company’s dealmaking reflects the rise of private technology firms, with venture capitalists saying Tiger Global has overtaken some financial institutions topped the list with higher-priced offers than competitors.
Some of its biggest bets are Brex, corporate credit card start-ups, Indian social media company ShareChat and Turkish instant grocery delivery app Getty.
“In the United States, China and India, the opportunity to cover the public and private markets, our core focus on consumer, enterprise, and financial technology, is much larger than the amount of capital we manage and the rate at which it is often tightened,” said Tiger Global Wrote the letter.
Investors poured a record $ 69bn into global start-ups in the first quarter, according to Pitchbook, encouraging early investors with large dividend-paying strings and public offers.
According to Pitchbook, Tiger Global’s new fund will be the largest raised by an independent fund manager for minority investments in technology start-ups. The agency declined to comment on the fundraising.
In recent years, several more companies have sought to raise billions of dollars in technology funds, as low interest rates push sovereign funds and other institutional investors into risky assets.
Softbank, the Japanese team, has raised 100 100 billion for its first Vision Fund, focusing on one-fourth of the total technical investment from Softbank.
Insight Intentions, a venture capital and private equity firm, is seeking 12 12 billion in new funding for its core strategy this year, according to a person familiar with the plan. Unlike Tiger Global, Insight also invests in buyers that give the firm a controlling portion of the firm.
Tiger Global has disbursed $ 2.2bn last year, after a private investment fund fee, according to a letter from investors. According to Tiger Global, the distributions came mostly from acquisitions such as Uber’s delivery start-up Postmate and Intuit’s ক্র 8.2 billion daily purchase, for fintech company Credit Karma, according to Tiger Global.
According to a letter from investors, from 2004 to 2020, private investment funds returned 226 percent annually. That compares with Tiger Global’s hedge fund’s 21 percent annual return over the past two decades.