Investment firm Tiger Global has closed $2.5 Bn in a new funding just 6 months after it raised $1.5 Bn fund in April.
The fund, named as Tiger Global Private Investment Partners IX, saw participation from as many as 521 investors/limited partners.
According to Reuters, which got a hold of a letter written to the investors Tiger Global will be keeping aside $1.5 Bn for a new fund called Tiger Global Internet Opportunities which will be launched in January, 2015. The remaining $1 Bn will be ‘Global Long Opportunities’ fund.
Founded in 2001, Tiger Global invests in segments including internet, technology, real estate, telecommunications, energy, media and retail etc.