Tiger Global Launches New ‘Crossover’ Fund

The Tiger Cub has raised more than $1 billion for a new fund targeting public and private investments.

(Victor J. Blue/Bloomberg)

(Victor J. Blue/Bloomberg)

Tiger Global Management has launched a new hedge fund.

The Tiger Cub founded by Chase Coleman earlier this month raised about $1.1 billion for Tiger Global Crossover and an equivalent offshore version.

The new fund is designed to devote a much bigger portion of its assets to private investments than its long-short fund, Tiger Global Investments, and its long-only fund, Tiger Global Long Opportunities.

Tiger

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