Tiger Management launches co-seeding fund
By Lawrence Delevingne
Mon Apr 4, 2011
The Tiger Accelerator Fund, which seeks to raise $450 million, gives outsiders the opportunity to invest alongside Julian Robertson
Julian Robertson is reopening Tiger Management to outside
investors for the first time in more than a decade, a move that
has been anticipated since last summer. The firm is attempting
to raise money for the Tiger Accelerator Fund, a co-seeding
vehicle that gives investors a piece of the fee revenue and
performance at a group of six Tiger-seeded hedge funds.
The group of funds already has more than $230
million in seeding from Robertson, and the Accelerator Fund is
attempting to raise more than $450 million this summer,
according to a March 2011 pitch book and people familiar with
As of January 2011, Robertson has seeded 38 managers in
whose funds he typically takes a 20% to 25% initial stake.
These firms now manage about $21 billion, according to the
materials. A theoretical equally-weighted portfolio of Tiger
seeds since 2001 would have generated a...
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