PANews reported on November 18 that according to Advisorhub, citing people familiar with the matter, Tiger Global Management has established a new fund "Tiger Global Private Investment Partners 16" and has contacted Morgan Stanley's wealth management department to seek to raise US$6 billion for the fund.
According to reports, Tiger Global launched the fund because it had to write down its previous private portfolio assets, including assets written down due to FTX investment losses. PIP 16 will start investing within two years. If it successfully raises $6 billion, it will become Tiger Global Management's third largest private investment tool.