In recent years, assets under management at the investment firm Tiger Global have exploded. Now the firm is taking stock and winnowing down its operations, per a new investor letter first seen by Axios and obtained subsequently by TechCrunch.
Most significantly, whether for lack of other options or — just as likely — in reaction to the changing market landscape, the firm just let its limited partners know it plans to raise $6 billion for its newest fund, for which it expects to hold a “first close” at least by mid-January. (As an added sweetener, investors in the first close will receive a discounted management fee of 1.75%, states the letter.)
While still a lot of moolah, $6 billion is less than ha …
