https://techcrunch.com/2024/03/12/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 venture firm seeks to become a significant LP in the firm’s future vehicles and explore investment in different asset classes.

The most influential investor in India and Southeast Asia revealed the news to its limited partners at its annual general meeting in New Delhi this week. With the “perpetual” fund, Peak XV 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.