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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
4mo ago
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