Tiger Global returns to roots with smaller VC goal; launches $2.2 billion fund

Tiger Global Management’s venture capital business is reverting back to an earlier strategy: debuting smaller funds with paced investing, which it says produce its strongest returns.

Chase Coleman’s firm is looking to raise about $2.2 billion for a new venture fund, keeping the latest debut about on pace with its last, according to a letter sent to investors Monday. The move departs from two earlier vehicles that raised $6.7 billion and $12.7 billion, marking the firm’s biggest illiquid pools.