Hedge Funds

Tiger Global launches emerging markets private equity fund

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Chase Coleman's Tiger Global Management has launched a $1 billion private equity fund that is expected to focus primarily on developing markets. The fund will be the firm's fourth - and by far largest - private equity offering.

The fund is expected to embrace a number of investment themes, including but not limited to advertising, Internet commerce and real estate.

It will make its investments in such countries as Russia, China, India, Japan, Romania, Brazil and the United States. Internal commitments to the fund - which has a 10-year life and a five-year investment period - will be in