Chase Coleman’s Tiger Global Management has tapped Morgan Stanley’s wealth management arm as it seeks to raise $6 billion for its next venture fund, according to people with knowledge of the matter.
The vehicle, Tiger Global Private Investment Partners 16, will invest in startups with a focus on enterprise themes and India. The move comes as the firm has had to write down investments in its private portfolio — which included a wager on collapsed crypto exchange FTX — and as institutional investor appetite for the asset class diminishes.
JPMorgan Chase & Co.’s wealth management arm helped raise $1.9 billion for Tiger’s predecessor vehicle, PIP 15, making their customers one of the top sources of cash for that fund, Bloomberg News has reported. That fund closed during the first quarter of this year at $12.7 billion, and was Tiger’s largest-ever venture capital vehicle.
The PIP 16 fund will make investments over a period of at least two years, and if it raises $6 billion, will be Tiger’s third-largest private vehicle.
Representatives for Tiger and Morgan Stanley declined to comment.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
