Tiger Global Targets $6 Billion for New Venture Capital Fund.

The fund will also make "opportunistic follow-on investments" in Tiger Global's existing roster of global portfolio companies, including through secondary share purchases. Read more: Tiger Global Partner Curtius Leaving Firm Amid Venture Woes This year has been the most tumultuous since Tiger Global's founding in 2001, with the firm's total assets tumbling to about $63 billion from $100 billion. The new vehicle, Private Investment Partners Fund 16, will invest in startups, "largely in enterprise themes and in India" and "in a lower-valuation environment", New York-based Tiger Global said in a letter to investors Thursday. [Extracted from the article]