Andreessen Horowitz seeks $1.5bn for fourth fund


dollar4_sqVenture capital firm Andreessen Horowitz has reportedly launched a fourth fund.

Andreessen is seeking $1.5bn for the new vehicle, which would have a similar structure to the $1.5bn fund raised in early 2012, according to Fortune.

The previous vehicle included a $900m fund for early-stage investments and a $600m parallel fund for larger deals.

The new fund is expected to have around $1bn for the general fund and $500m for parallel fund, although this could change before the firm holds a final close later this quarter, said the report.

Andreessen is unlikely to accept many new LPs as the fund is already oversubscribed, sources told Fortune.

The firm’s recent deals include investments in Android smartphone operating platform developer CyanogenMod and used clothing retailer Twice.

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