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Tiger Global plans $2.2 Bn venture fund

EntrackrEntrackr ยท -8395s ago
Tiger Global plans $2.2 Bn venture fund
Medial

Tiger Global plans $2.2 Bn venture fund Tiger Global Management is planning to raise a smaller venture capital fund as it shifts back to its earlier investing approach. According to a Bloomberg report, the New York based investment firm is looking to raise about $2.2 billion for its new fund, a sharp reduction from the much larger vehicles it raised during the market boom. The new fund, internally referred to as PIP 17, will be similar in size and structure to Tiger Globalโ€™s earlier funds. This marks a departure from the firmโ€™s previous two venture funds, which raised $6.7 billion and $12.7 billion respectively. In 2023, a Financial Times report said that Tiger Global Management had raised $2.7 billion for a new fund, citing filings with the US Securities and Exchange Commission. However, no further updates were disclosed after that. According to the Bloomberg report, Tiger Global said in a letter to investors that the upcoming fund will focus on a more selective investment strategy and a slower deployment pace. In 2025 so far, the firm has made nine new investments after reviewing hundreds of potential opportunities. Founder Chase Coleman and other Tiger Global insiders are expected to be the largest investors in the fund, which is scheduled to hold its first close on March 18, according to the report. The firm added that its strongest historical performance came from a smaller scale and more disciplined investment approach. In India, Tiger Global has backed only four companies namely Infra.Market, Captain Fresh, Infinite Uptime, and EatClub. Notably, all these were follow-on investments where the firm was already an existing backer. Even in 2024, Tiger Global made just two investments in Wiz Freight and Jupiterโ€™s NBFC arm, both of which were also as an existing investor. According to Fintrackr data, Tiger Global backed over 50% of the startups that attained unicorn status in 2021. In 2022, its portfolio companies including DealShare, Oxyzo, Games24x7, Polygon, and Open also entered the unicorn ranks.

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ChrysCapital closes $2.2 Bn Fund X

EntrackrEntrackr ยท 1m ago
ChrysCapital closes $2.2 Bn Fund X
Medial

ChrysCapital has closed Fund X at $2.2 billion, the largest private equity fund raised by an India-focused firm. Fund X is a 60% increase from Fund IX of $1.35 billion, closed in 2022. The firm plans to invest the capital in established companies across consumer, healthcare, financial services, enterprise technology, and industrial sectors. ChrysCapital has now raised around $8.5 billion across ten private equity funds, a continuation vehicle, and a public markets fund since 1999. It has deployed over $5.5 billion across 110 portfolio companies and realised $7.8 billion across 80 exits with a reported 3.0x ROI. Its past investments include Intas Pharmaceuticals, Mankind Pharma, GeBBS Healthcare, Infogain, NSE, and Awfis. Fund X added over 30 new global investors, including pension funds, insurers, asset managers, and family offices from Japan, the Middle East, Southeast Asia, Europe, and the US. For the first time, ChrysCapital also raised capital from Indian institutional investors and large family offices. The fund reached its final close within six months of its first close. The firm plans to deploy Fund X over the next 3โ€“4 years and has several transactions in progress. The strategy continues to focus on majority and minority investments in businesses with strong governance, clear growth levers, and defined exit visibility. ChrysCapital competes with PE firms active in India such as TPG, Bain Capital, KKR, Blackstone, Carlyle, Warburg Pincus, and Multiples.

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