Tiger Global Raises its Thirteenth Global Fund of $6.65 Billion (The Economic Times)
New York-based investment firm Tiger Global has raised its thirteenth global fund of $6.65 billion, its biggest corpus so far, at a time when it is doubling down on India taking bigger bets in the country across various sectors. The fundraise comes almost a year after it said it had racked up its twelfth fund of $3.75 billion in capital commitments.
Hedge Fund Founder Spends $14M on Apogee Condo in South Beach (The Real Deal)
A managing partner of a New York-based hedge fund bought a condo at Apogee in Miami Beach for $13.7 million. Records show Jeffrey L. Gates and his husband, Richard Michael Moran, bought unit 1501 at 800 South Pointe Drive from Ramiro Garza. Gates founded Gates Capital Management in 1996, and is a managing partner and a member of the investment committee, according to the firm’s website. Moran is a real estate agent at Douglas Elliman, focusing on New York City and the Hamptons, according to the brokerage’s website.
Deliver us from Alden so the Orlando Sentinel can continue covering Central Florida | Editorial (Orlando Sentinel)
The Orlando Sentinel’s extensive coverage of Joel Greenberg started getting attention this week. National news organizations wanted to know more about the disgraced Seminole County tax collector’s connections to Florida U.S. Rep. Matt Gaetz, who’s under investigation for possible sexual misconduct. So they turned to a news outlet that still values local news. The Sentinel produced dozens of stories chronicling Greenberg’s failings as a public servant because the newspaper has dedicated journalists who cover Seminole County. That’s the hallmark of the Sentinel’s work – covering local stories.
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Diary of a Meltdown: How the Archegos Capital Fire Sale Went Down (Reuters)
April 2 (Reuters) – The meltdown of Archegos Capital Management LP, a New York investment fund run by former Tiger Asia manager Bill Hwang, has sent shock waves across Wall Street and drawn regulatory scrutiny in three continents. After paying $44 million to settle U.S. insider trading allegations, Hwang in 2013 reinvented Tiger Asia as Archegos Capital, a single-family office through which he could invest his fortune with scant regulatory oversight.
PE Daily: ECP to Buy Liberty Tire for $750 Million | Column Group Seeks $800 Million for Fund | Two Sigma Impact’s First Close (The Wall Street Journal)
Greetings Pro Private Equity readers! This Sunday marks both the last day of Passover as well as Easter Sunday. For those who celebrate (or even for those who don’t), I hope the day brings peace, reflection and renewal. In the private-equity world this morning, our own Luis Garcia has news that energy infrastructure investor ECP is buying Liberty Tire Recycling from Carlyle Group, while Laura Cooper got the scoop on Two Sigma Impact’s upcoming first closing of its debut fund. Finally, Preeti Singh brings news that Column Group…
