Think Investments Raises $270 Million for Two New Hedge Funds

Jan 23, 2014 12:01 am ET

Jan. 23 (Bloomberg) -- Think Investments, a hedge fund manager run by a former analyst from Valiant Capital Management, has raised more than $270 million for two funds, according to regulatory filings.

Think Investments Fund LP has raised $148.4 million and Think Investments Offshore Ltd. brought in $121.9 million, the firm said yesterday in filings with the U.S. Securities and Exchange Commission.

Shashin Shah, who is listed as the managing principal of both funds, left San Francisco-based Valiant in 2013 to become a researcher at Think, according to his LinkedIn profile. Prior to that, he worked at Blue Ridge Capital until 2008. Valiant gained attention last year when it backed Web bulletin board Pinterest Inc. at a $2.5 billion valuation, following investments in Facebook Inc., Dropbox Inc. and Evernote Corp.

Valiant was also in the spotlight last year when founder Chris Hansen led an investor group, which included Microsoft Corp.’s Steve Ballmer, that sought to purchase the Sacramento Kings of the National Basketball Association and move the team to Seattle.

Prior to Valiant, Shah and Hansen worked together at Blue Ridge, one of the investment firms known as Tiger Cubs, which trace their roots to Julian Robertson, founder of Tiger Management LLC. Shah joined Blue Ridge in 2006 from Morgan Stanley, according to the LinkedIn profile.

A representative from Think’s San Francisco office declined to comment on the filings. The offshore fund has an address and phone number listed in the Cayman Islands. A call to the number went to law firm Maples & Calder, where a representative said the attorney for Think is Anna Goubault. Goubault didn’t immediately respond to a request for comment.

--Editors: Reed Stevenson, Jillian Ward