Sources: Peak XV cut its $2.85B fund by $465M, or ~16%, over a year after its Sequoia split, with most of the reduction coming in its growth-stage allocation
New: Peak XV, the largest India and Southeast Asia-focused venture firm, is trimming the size of its funds by $465 million and lowering management fees and carry for growth and multi-staged funds to 2% and 20% (down from 2.5% and 30%) - LP letter