Confirmed: Khosla Ventures targeting $1 bln for Fund V


Khosla, founder of Khosla Ventures, speaks during the Fortune Brainstorm Green conference in Dana Point

Confirming an earlier report by peHUB, Khosla Ventures has filed documents with the SEC stating that it plans to raise $1 billion for its fifth fund.

PeHUB first reported on the fundraising efforts on June 10.

The new fund has not secured any commitments yet, according to a regulatory filing.

It lists four general partners for Fund V: Vinod Khosla, Samir Kaul, Keith Rabois and David Weiden.

Khosla raised $1 billion for its fourth fund in 2011 and $1 billion for its third fund in 2009. Fund IV produced a net IRR of 16.56 percent and a net multiple of 1.22x as of Dec. 31, according to Bison, which tracks public performance data for PE and VC funds.

Fund III had a net IRR of 17.03 percent and a net multiple of 1.62x during that same time period, Bison reports.

Photo credit: Vinod Khosla, founder of Khosla Ventures, speaks during the Fortune Brainstorm Green conference in Dana Point, California April 13, 2010. REUTERS/Mario Anzuoni

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