Tiger Global’s OpenAI Stake Provides Cushion Against Fund Losses

Tiger Global Management, a major player in investment, has seen its $2.2 billion PIP 16 fund downsized after originally aiming for a larger $6 billion raise. This move, however, has been mitigated by the firm’s stake in OpenAI, bolstering financial stability amidst challenging private market conditions. The significance of this strategic investment is further highlighted by OpenAI’s reported valuation at $150 billion, underscoring its growing importance for Tiger Global.