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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

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4mo ago
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