Falcon Edge closes first tranche of $10B fund, rebrands as Alpha Wave Global

Falcon Edge Capital, the New York-headquartered investment firm, has closed the first tranche of its new 15 billion, the source said. The firm, which began its life as a public market investor, plans to use the fresh funds to back startups globally, the source said, requesting anonymity as the details are private.

A single fund of talks to raise a new fund of \)">10 billion or more. The firm expects to raise slightly more than $10 billion for the new fund, the source said.

Alpha Wave Global declined to comment.

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