Zynga Investor IVP Said to Be Raising Up to $1 Billion for Fund

http://www.bloomberg.com/news/2012-03-07/zynga-investor-ivp-is-said-to-be-raising-up-to-1-billion-for-venture-fund.html

Institutional Venture Partners, an investor in Web companies including Zynga Inc., Twitter Inc. and LivingSocial, is planning to raise $750 million to $1 billion for its next fund, said two people familiar with the matter.

The firm is expected to finish capital raising by June, said the people, who asked not to be identified because the information is private. IVP last raised a fund in August 2010, when it brought in $750 million, the largest in its history.