Kleiner Perkins Re-Raising Multiple Funds

Kleiner Perkins Caufield & Byers is very concerned about the lack of liquidity options for current portfolio companies, and peHUB has learned that it is taking steps to ensure an abundance of dry powder.

The landmark VC firm is currently raising annex funds for its eleventh (2004) and twelfth funds (2006), in order to have cash on hand in case it needs additional follow-on capital. It also has reopened fundraising for a pair of funds initially closed last year: The $700 million Fund XIII and the $500 million Green Growth fund. Moreover, the Green Growth fund is now open to limited partners that have not previously invested with Kleiner Perkins, which is a pretty big deal from a legacy access perspective.

Kleiner obviously isn’t commenting, although we hear that most of this is expected to wrap up soon.

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11 Comments

  • [...] Kleiner Perkins Re-Raising Multiple Funds PE HUB Kleiner Perkins Caufield & Byers is very concerned about the lack of liquidity options for current portfolio companies, and peHUB has learned that it is taking steps to ensure an abundance of dry powder. The landmark VC firm is currently raising annex funds for its eleventh (2004) and twelfth funds (2006), in order to have cash on hand in case it needs additional follow-on capital. It also has reopened fundraising for a pair of funds initially closed last year: The $700 million Fund XIII and the $500 million Green Growth fund. Moreover, the Green Growth fund is now open to limited partners that have not previously invested with Kleiner Perkins, which is a pretty big deal from a legacy access perspective. Source> [...]

  • [...] Kleiner has also reopened fundraising for funds it initially finished raising last year: its $700 million thirteenth fund, and a $500 million Green Growth fund. Notably, Kleiner has opened the Green Growth fund to limited partners that have not previously invested with Kleiner Perkins. The story was first reported this morning by PEHub. [...]

  • [...] Kleiner Perkins Re-Raising Multiple Funds (PE Hub) [...]

  • [...] When I sat down to lunch a few weeks ago with Shopzilla and BizRate founder, Farhad Mohit, one of the topics discussed was the state of venture capital and just how bad the environment is for them right now. He told me that he wouldn’t truly believe the VC’s are hurting and that we are heading towards a depression until the limited partners began asking for their money back. Well, if this is not a sign of what’s to come, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s most prominent venture funds, is currently raising annex funds for its eleventh (2004) and twelfth funds (2006), in order to have cash on hand in case it needs additional follow-on capital. It also has reopened fund raising for a pair of funds initially closed last year: The $700 million Fund XIII and the $500 million Green Growth fund. Moreover, the Green Growth fund is now open to limited partners that have not previously invested with Kleiner Perkins, which is a pretty big deal from a legacy access perspective [PE HUB][VB] [...]

  • It does not surprise me that KP is going hat in hand to limited partners and giving them the “wonderful opportunity” to reinvest in old KP funds. Take a look at the Dogs in these portfolios!
    Unless we go back to the Wall St. IPO bubbles days, these funds ROI will be less than ZERO!

    Good money being thrown after really bad money (companies).

  • Exactly what Bud Fox said. Bravo to them for the “PR balls” to present this as an “opportunity” but what it really is is an opportunity to supply some air to a suffocating portfolio.

  • [...] Einer der renommiertesten Investoren aus dem Silicon Valley, Kleiner Perkins Caufield & Byers (KPCB), ist besorgt über die Liquidität einiger Portfolio-Companies ihres 11. (2004) und 12. (2006) Fonds. KPCB wird aus diesem Grund einen weiteren Fonds auflegen, dessen einziges Ziel es ist, Portfoliounternehmen der früheren Fonds mit Liquidität zu versorgen, sofern dies in der wirtschaftlich schwachen Phase notwendig werden sollte (via). [...]

  • [...] Kleiner Perkins Seeks Follow-on Funds for Green Growth Startups Written by Josie Garthwaite No Comments Posted January 16th, 2009 at 1:17 pm in Startups Venture capital firm Kleiner Perkins has reopened its $500 million Green Growth and $700 million KPCB XIII funds, reaching out to investors for extra cash to support already-backed companies through the economic downturn, peHub reports. [...]

  • [...] PeHub: The landmark VC firm is currently raising annex funds for its eleventh (2004) and twelfth funds (2006), in order to have cash on hand in case it needs additional follow-on capital. It also has reopened fundraising for a pair of funds initially closed last year: The $700 million Fund XIII and the $500 million Green Growth fund. Moreover, the Green Growth fund is now open to limited partners that have not previously invested with Kleiner Perkins, which is a pretty big deal from a legacy access perspective. [...]

  • [...] Kleiner Perkins Seeks Follow-on Funds for Green Growth Startups [Earth2Tech] January 16th, 2009 Goto comments Leave a comment Venture capital firm Kleiner Perkins has reopened its $500 million Green Growth and $700 million KPCB XIII funds, reaching out to investors for extra cash to support already-backed companies through the economic downturn, peHub reports. [...]

  • [...] you in on one of the best opportunities ever. Its Green Growth fund is, for a limited time only, open to limited partners who haven’t invested in one of its funds [...]

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