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Valiant Capital’s Covid-19 Windfall

Instacart and a new private equity fund pay off for the Tiger Grandcub.

Valiant Capital Management raised roughly $100 million for its new dedicated growth private equity fund — Valiant Peregrine Fund I — which recently closed for the second time, according to a client letter and an investor. Peregrine made its first investment in April when it purchased secondary shares in Instacart, the

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