A dollar invested in the firm's flagship hedge fund at inception would be worth $28 after fees at the end of 2025, compared to less than $9 for the S&P 500.
Tiger Global's latest private investment fund will raise substantially less money than its predecessors from 2021 and 2022, but the $50 billion asset manager isn't worried. The firm is expected to raise close to $2 billion for PIP 17, a person familiar with the manager told Business Insider. That's a fraction of what PIP 14 and PIP 15 raised and aligns more closely to PIP 16, which closed in early 2024 with $2.2 billion in assets after aiming initially for $6 billion.