Tiger Global, the investor that spurred the VC bull market of 2020-2021, is reportedly raising a fresh $2.2 billion fund.

The firm sent a letter to potential limited partners, according to a copy obtained by CNBC , seeking to raise the cash for a vehicle called Private Investment Partners 17 (PIP 17). The letter also promises a more humble approach than during the 2021 bull-market madness.

During that time, Tiger Global was moving fast and investing abundantly, a method the venture industry calls “spray and pray.”

PIP 15, raised in 2021, was a whopping $12.7 billion fund that pumped cash into startups at a blinding pace largely at peak valuations, TechCrunch reported .

In 2021 alone, the hedge fund backed 315 startups , according to PitchBook data, and spurred bidding wars amon

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