New York-based Tiger Global Management an investment firm is planning to make a $6 billion venture fund. It will focus on investing in startups, and early-stage ventures, largely in enterprise themes in India

New York-based Tiger Global Management an investment firm is planning to make a $6 billion venture fund. This fund is known as the Private Investment Partner 16 Fund (PIP 16) that will focus on investing in startups, and early-stage ventures, largely in enterprise themes in India. However, The $6 billion fund is smaller than the $12 billion fund earlier this year according to the media reports.

The media reports also mentioned PIP 16 will focus on internet-enabled enterprise software, fintech and consumer companies as they are not penetrated much and they have rapid and long-term growth potential. These funds will also make The fund will also make “opportunistic follow-on investments” in Tiger Global’s existing roster of global portfolio companies, including through secondary share purchases.

The PIP 16 will be the 15th fund of Tiger Global as it skipped no. 13 . The first close of the fund will be on January 18, and 1.75 per cent of the management fee will be reduced for the participant investors according to the media reports.

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