Peak XV is reducing the size of several funds and lowering fees to align better with its limited partners and respond to current market conditions.
The firm plans to cut $465 million from its 2022 vintage funds, a response to market changes and venture capital trends that show a decline.
As part of the restructuring, Peak XV is minimizing management fees from 2.5% to 2% and reducing carried interest from 30% to 20%.
This decision reflects a broader adjustment in the venture capital industry as firms struggle to raise target amounts after a significant correction following a tech boom.
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