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Peak Xv Md Piyush Gupta Resigns, Will Establish Fund

Peak Xv Md Piyush Gupta Resigns, Will Establish Fund

23rd April 2024 – Piyush Gupta, managing director of Peak XV Partners, is apparently departing the company at the end of this month. After leaving Peak XV, Gupta is reportedly in the process of launching a fund with a secondary focus, according to people close to the venture capital firm.

As a member of the strategic development team, Gupta joined Peak XV in 2017, when it was still known as Sequoia India & Southeast Asia. This team served as a conduit between Peak XV’s portfolio companies, its investors or limited partners, and other venture capital firms.

Techcrunch was the first to report on the development. “Peak XV intends to work closely with him to facilitate transactions at its portfolio firms,” the paper states. Whether Gupta’s new company will register as an alternative investment fund (AIF) is unknown at this time. Peak XV refrained from commenting on Gupta’s move.


Conclusion

Gupta’s intentions to introduce a fund with a secondary emphasis coincide with investor pressure to pull out of some of their more established investments. Nearly ten years have passed since the majority of enterprises rumored to be candidates for secondary acquisitions were incorporated, and early investors are eager to cash out as these businesses seek for new investments.

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