Waiting for your check.
Remember that time Chase Coleman made $1 billion or so on a little company called Facebook? Or all of those times he made a ton more on other technology stocks he thought looked promising? Well, some people do, to the tune of $700 million.
Tiger Global Management, Chase Coleman’s investment firm that’s profited from investments in e-commerce companies before they sold shares to the public, raised about $700 million for an Internet fund.
The fund, Tiger Global Internet Opportunities, was started on Jan. 1, according to a letter sent to clients on Jan. 30. The $16 billion firm also reopened its Tiger Global Long Opportunities fund at the start of the year and has $2.3 billion.