Launches & Closures Hedge Funds

Tiger seeding fund raises $450 million, closes to new capital

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The Tiger Accelerator Fund achieved its fundraising goal last week.

Tiger Management met its fundraising goal for the Tiger Accelerator Fund, raising $450 million for the seeding vehicle it began marketing earlier this year. The fund offered the first opportunity in more than a decade to invest with legendary Tiger founder Julian Robertson.

The fund is a co-seeding vehicle that gives investors a piece of the fee revenue and performance from a group of six hedge funds already seeded with a combined $230 million from Robertson (for details, see Tiger Management launches co-seeding fund, from AR on April 4).

A spokesman for Tiger, Fraser