Venture capital firm CRV is speaking with investors about raising its first growth equity fund, Axios has learned.
Talks are still in the early stages, and follow CRV's recent hiring of Brett Rochkind away from General Atlantic. Word is that the bi-coastal firm plans to raise the growth equity vehicle simultaneous to raising its next early-stage fund (CRV XVII), with each to target around $400 million. CRV declined comment.
Big question: Will investors be willing to make 1:1 commitments for a new product led by someone new to the firm?