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Tiger Global struggling to attract cash for new VC fund

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Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund having so far secured about a third of its $6 billion target, according to a report by Bloomberg.

Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund firm having so far secured about a third of its $6 billion target, according to a report by Bloomberg.

The report cites a regulatory filing made on Friday as revealing that Private Investment Partners Fund 16 has attracted capital commitments of $2.06 billion since Tiger Global began marketing it to investors in October last year. 

The fund, which even at $6 billion would be less than half the size of its predecessor, held its first close in January by which point fundraising would typically have reached around half of the target size.

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