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