New York-based investment firm Tiger Global Management has already raised a little over $1.5 billion for a new crossover fund, its latest filing with the US Securities and Exchange Commission (SEC) showed.
The filing did not specify how much Tiger Global aims to raise for the crossover fund – an investment vehicle that invests in both publicly-traded firms and privately-held companies. The fund, however, has already surpassed a reported $1.1-billion target.