NewsAnchor
Peak XV Reduces Fund Size and Fees Amid Overheated Indian Market
- Peak XV, the largest venture firm in India and Southeast Asia, is reducing fund sizes and lowering fees to align with its partners.
- The firm is releasing backers from $465 million in obligations from its 2022 vintage funds.
- Management fees have been reduced to 2% and carried interest on profits to 20%, down from 2.5% and 30% respectively.
- This decision comes after Peak XV's separation from Sequoia to avoid market conflicts amid geopolitical tensions.
- The firm remains bullish about the region, despite concerns about the frothy public market performance in India.
Source: Techcrunch
1mo ago
Gokart
Stealth1mo
A noob here but what’s this fee exactly ? Don’t they just earn by returns on their investments ? Also,what’s carried interests on profits ?
salt
Gojek1mo
Fund charges something called Carry and Managing fees.
Fallibilist
ICICI Bank1mo
It's 3 and 30. 3% of the fund size and 30% of the profits. For the growth funds, they have reduced it to 2 and 20.
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