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Message: [QUOTE="Manish Singh, post: 2891"] Falcon Edge Capital, the New York-headquartered investment firm, has closed the first tranche of its new $10 billion fund and is rebranding as Alpha Wave Global, a source familiar with the matter said. Once the new fund — which is called Alpha Wave Ventures II — has completely closed, Alpha Wave Global’s AUM will exceed $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 $10 billion would be among the largest of its size globally. TechCrunch reported last week that Falcon Edge was in [URL='https://techcrunch.com/2021/12/02/falcon-edge-capital-eyes-raising-a-fund-of-over-10-billion/']talks to raise a new fund of $10 billion or more[/URL]. The firm expects to raise slightly more than $10 billion for the new fund, the source said. Alpha Wave Global declined to comment. [I]This is a developing story. More to follow…[/I] [/QUOTE]