“Unveiling Peak XV’s Groundbreaking Perpetual Fund Supported by Exclusive Partners and Industry Titans”
Peak XV, the venture firm formerly known as India and Southeast Asia arm of Sequoia, didn’t disclose the size of the new fund.
The new fund, called Peak XV Anchor Fund, will be funded by an internal balance sheet, the source said, requesting anonymity as the matter is private.
The fund will enable Peak XV to “create a global network for learning and collaboration,” the venture firm said, according to the LP source.
The fund will enable Peak XV Partners to have broader skin in the game with its own fund and also explore investment in newer areas, the source said.
With Peak XV Anchor Fund, the venture firm plans to partner with other “managers across regions, strategies and sectors.”Peak XV didn’t immediately respond to a request for comment.
