Tiger Global closes $1.5 bn eighth global fund to back tech startups

Tiger Global Management, the New York based hedge fund that holds significant stakes in ecommerce companies Flipkart and Myntra, has raised $1.5 billion for its eighth private equity fund, according to a filing with the SEC. A total of 415 investors (limited partners) have participated in the fund, dubbed Tiger Global Private Investment Partners VIII. The new fund is the same size as the firm’s seventh fund, raised in 2012.

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