With a new$ 2. 2B account, Tiger Global has a careful walk potential.

The entrepreneur who sparked the VC bull market in 2020-2021, Tiger Global, is reportedly raising a new$ 2. 2 billion account.

According to a copy that CNBC obtained, the company addressed a letter to potential limited partners asking for funding for a business called Private Investment Partners 17 ( PIP 17 ). Additionally, the letter suggests a more modest view than the bull-market madness of 2021.

Tiger Global was rapiḑly expanding and mαking sįgnificant inveȿtments at the time, α practice known as” mist aȵd pray” in the enterprise sector.

According to TechCrunch, PIP 15, which was a staggering$ 12. 7 billion account that pumped money into businesses at blazing rates mostly at top prices, raised in 2021.

Relating to PitchBook data, the hedge fund backed 315 companies in 2021 only, which sparked bidding war among VCs to buy stakes in also untested startups that raised prices.

The party was over when curiosity levels rose, and companies spent decades attempting to live up to their 2021 prices, with some companies closing as a result.

Following the 2022-23 divestment of the enterprise business, prominent Tiger Global investment John Curtius left to launch his own account, and Scott Shleifer, the company’s main of private equity investments, transitioned to an expert role, while Chase Coleman, Tiger’s well-known founder, took on a more clear role.

According to Bloomberg at the time, Tiger Global then proceeded to raise a little smaller PIP 16 account worth$ 2. 2 billion in 2024, which is certainly also a sizable amount.

Tiger Global is now increasing Fund 17 on the back of PIP 16’s massive AI purchases. According to the letter, PIP 16 owns stakes in OpenAI, Waymo, and Databricks, which have all experienced skyrocketing prices and have thus far increased this bank’s paper value by 33 %, according to a CNBC report.

The letter did, however, promise a more focused approach in a smile to the need for more prudence than in past times. Due to CNBC, it acknowledged that “valuations are elevated and, in our opinion, often unsupported by business elements” and that sitting into AI opportunities may be difficult and necessitate “humility. ” ( Tiger Global was unavailable for comment right away. )

In other words, Tiger Global is implying that the AI market is in a bubble and doesn’t want to push valuations even higher, perhaps unrealistic, heights even as it raises a new fund to pursue more significant AI opportunities.