HedgeCo.Net — Accel’s $550 million ninth India fund, closed in weeks and oversubscribed even though more than half of its prior $650 million vehicle is still undeployed, is a statement about timing rather than a shortage of dry powder: the firm is pre-funding an AI cycle it does not think will wait for a conventional four-year deployment clock.
People familiar with the raise told TechCrunch the vehicle was oversubscribed and completed within weeks, 19 months after Fund VIII. Accel partners, s...
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