TCV planning new fund targeted at $2B to $2.5B

Technology Crossover Ventures, the Palo Alto investment firm that invests in both private and public companies, is planning to raise between $2 billion and $2.5 billion for its seventh fund, according to VentureWire (subscription required).

This is more than its previous funds, which were $1.4 billion and $900 million in size.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.