Dan Sundheim’s D1 Makes Huge Investment in Instacart

This is the fourth firm with ties to Tiger Management founder Julian Robertson Jr. to invest in the online grocery delivery company.

(Patrick T. Fallon/Bloomberg)

(Patrick T. Fallon/Bloomberg)

Hedge funds — especially descendants of Tiger Management’s Julian Robertson, Jr. — continue to bid up the value of so-called unicorns, those high-profile private companies with valuations of at least $1 billion.

The latest example is D1 Capital Partners, founded last year by former Viking Global Investors chief investment officer Dan Sundheim.

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