- Peak XV launches perpetual fund backed by partners.
- The evergreen vehicle enables global reach and new investment areas.
- Peak XV reaffirms commitment to India and Southeast Asia with $9B AUM.
Peak XV, the most influential venture investor in India and Southeast Asia, has announced the creation of an “evergreen” fund, backed by its investment partners and extended team.
The news was revealed to the firm’s limited partners at its annual general meeting in New Delhi this week.
The perpetual fund aims to foster a culture of high accountability and alignment with LPs, while providing Peak XV with a differentiated capability to grow as an institution.
Fund to enable global exploration
The new fund, named Peak XV Anchor Fund, will be funded by an internal balance sheet, according to an LP source familiar with the matter. The fund’s size remains undisclosed.
The Anchor Fund will enable Peak XV to create a global network for learning and collaboration, allowing the firm to partner with other managers across regions, strategies, and sectors.
Additionally, the fund will provide Peak XV Partners with more skin in the game and the opportunity to explore investment in newer areas.
Commitment to India and Southeast Asia
Peak XV Anchor Fund is the latest in a series of major bets by the venture firm in India and Southeast Asia, where it manages over $9 billion in assets under management (AUM).
The firm, which had $2.5 billion in dry powder for the region during its separation from Sequoia, has also been a pioneer in launching an early-stage focused program called Surge, which has made Y Combinator far less exciting for startups from India and Southeast Asia.
