Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, a source familiar with the matter told TC, as the venture firm seeks to become a significant LP in its own primary vehicles and explore investment in new asset classes.
The most influential investor in India and Southeast Asia revealed the news to its limited partners at its annual general meeting in New Delhi this week. The “perpetual” fund aims to bring “a culture of high accountability and alignment with LPs” and differentiated capability to grow as an institution, according to an LP source familiar with the matter.
The new fund, called Peak XV Anchor Fund, will be funded entirely by the venture firm’s partners and other senior leaders, the source said, requesting anonymity as the matter is private. 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. TC couldn’t identify those newer areas.
Peak XV didn’t immediately respond to a request for comment.
