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Tiger Global roars with $1.5 billion

March 6, 2012: 4:29 PM ET

Facebook investor raises largest private equity fund to date.

Tiger Global has raised nearly $1.5 billion for its seventh private equity fund, according to a filing with the SEC.

This is the private equity affiliate of Tiger Global, the tech-heavy hedge fund run by Chase Coleman. It's extremely secretive -- no website, no interviews -- but is regularly called on to provide later-stage capital to some of the world's hottest private companies.

For example, it held a 1.4% stake in Zynga (ZNGA) before the FarmVille maker went public, and is believed to hold more than a 1% position in Facebook. Other notable portfolio companies include EventBrite, One King's Lane, Warby Parker and Peixe Urbano (Brazil).

Most of those investments are for tens of millions of dollars -- if not more, in the case of Facebook -- which explains why Tiger Global seems to raise so much money so often. The New York-based firm closed on $1.25 billion for its sixth fund just one year ago, after having targeted $1 billion.

No word yet on if this new filing for Fund VII -- which officially comes in at $1.485 billion -- represents a final close. We've put in a call to Tiger Global to find out, and will update this post if a response is provided.

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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