The venture firm is currently raising annex funds for its 11th and 12th funds to have cash on hand in case it needs additional follow-on capital. Kleiner Perkins had raised $400 million for fund XI, which closed in 2004, and $600 million for fund XII, which closed in 2006.
It also has reopened fund-raising for a pair of funds initially closed last year: The $700 million fund XIII and the $500 million Green Growth fund. Moreover, the Green Growth fund is now open to limited partners that have not previously invested with Kleiner Perkins.
Kleiner Perkins hasn’t responded to a request for comment. Sources say that that most of the annex fund-raising is expected to wrap up soon. —Dan Primack