Tiger Global returns to roots with smaller VC goal; launches $2.2 billion fund
Well, well, well, look who's embracing fiscal sobriety! After years of playing venture capital's equivalent of a high-stakes casino, Tiger Global seems to be dusting off its 'sensible investor' hat, launching a 'modest' $2.2 billion fund. It appears even the titans of tech investing realize that sometimes, less truly is more—especially when the market decides to remind you that gravity exists. Perhaps they're just getting back to basics, or maybe they simply found all the couch cushions empty after the last few gargantuan raises. Either way, it's a refreshing pivot from the 'deploy everything, everywhere, all at once' playbook.
Indeed, Chase Coleman’s influential firm is reportedly seeking to raise approximately $2.2 billion for its latest venture vehicle, maintaining a similar pace to its immediate predecessor, according to a recent letter sent to investors. This strategic move marks a noticeable departure from two earlier, significantly larger funds that each commanded $6.7 billion and more, signaling a potential recalibration of their investment strategy in a more constrained market environment. The $2.2 billion target suggests a more focused approach, moving away from the expansive capital deployment that characterized their hyper-growth phase.
