Confirmed: Khosla Ventures targeting $1 bln for Fund V


Vinod Khosla

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

Fundraising? Don’t miss our 29th annual PartnerConnect East conference in Boston on March 21-23. This event is packed with more than 200 LPs and 300 fund managers. Click HERE

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