Tiger Global Plans $2.2 Billion Venture Capital Fund
Tiger Global Management is set to raise a smaller venture capital fund as it returns to its earlier, more disciplined investment strategy. According to a Bloomberg report, the New York–based firm is targeting about $2.2 billion for its next fund, known internally as PIP 17. This is a sharp reduction from its previous mega funds raised during the pandemic-era market boom.
Shift From Mega Funds to Focused Deployment
Tiger Global’s last two venture vehicles were significantly larger, raising $6.7 billion and $12.7 billion respectively. The new fund signals a meaningful shift away from rapid capital deployment and aggressive deal-making, which became a hallmark of the firm between 2020 and 2022.
In 2023, a Financial Times report indicated Tiger Global had secured $2.7 billion for a separate fund, although the firm did not provide subsequent disclosures.
Selective Investment Strategy Ahead
According to Bloomberg, Tiger Global informed limited partners that PIP 17 will adopt a more selective investment approach, along with a slower deployment pace. The firm has made only nine new investments in 2025 after reviewing hundreds of opportunities, underscoring its pivot toward smaller cheque sizes and tighter underwriting.
Founder Chase Coleman and senior insiders are expected to be the largest contributors to the fund. Tiger Global said its strongest historical returns came during periods of smaller scale investing, when discipline and selectivity drove outsized portfolio performance.
India Portfolio Trends Reflect Shift
In India, Tiger Global has made only four follow-on investments in 2025, backing Infra.Market, Captain Fresh, Infinite Uptime and EatClub. During 2024, the firm invested only in Wiz Freight and Jupiter’s NBFC unit, also as an existing investor.
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