Meritech Fund Next On Chopping Block –

Private Equity Week has learned that Meritech Capital Partners is reducing the size of its $925 million second fund by 25%. The investment vehicle was originally raised in 2000 to invest in later-stage deals for portfolio companies of Accel Partners, Brentwood Venture Capital, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners.

This story will be updated later this afternoon.

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