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Peak XV to launch perpetual fund backed by own partners, other leaders

Peak XV is creating an "evergreen" fund bankrolled by its investment partners and extended team, a source familiar with the matter told TechCrunch, as the Peak XV is creating an "evergreen" fund bankrolled by its investment partners and extended team, a source told TechCrunch.

The “perpetual” fund aims to bring “a culture of high accountability and alignment with LPs” and “differentiated” capability to grow as an institution, according to an LP source familiar with the matter. Peak XV Anchor Fund is the investor group’s latest in a series of major bets in India and Southeast Asia, where it manages over $9 billion in AUM. The fund, which during its separation with Sequoia had $2.5 billion to deploy in the region, was also early in launching an early-stage focused program, called Surge, that has made Y Combinator far less exciting for startups from India and Southeast Asia.

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