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Tiger Global Launches $2-3 Billion PIP 17 Fund

12/8/2025

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Summary

Story summary

Tiger Global Management announced Private Investment Partners 17 (PIP 17), aiming to raise $2–$3 billion.
PIP 17 will follow Private Investment Partners 16 (PIP 16), which closed at $2.2 billion after targeting $6 billion.
Tiger Global has shifted to a more disciplined approach after markdowns and reduced activity in 2021, when it led 212 rounds.
OpenAI and Waymo remain holdings with gains.

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Story summary

Tiger Global Management announced Private Investment Partners 17 (PIP 17), aiming to raise $2–$3 billion.
PIP 17 will follow Private Investment Partners 16 (PIP 16), which closed at $2.2 billion after targeting $6 billion.
Tiger Global has shifted to a more disciplined approach after markdowns and reduced activity in 2021, when it led 212 rounds.
OpenAI and Waymo remain holdings with gains.