Kleiner Perkins' AUM Reached $21 Billion in 2026, With Anthropic and Figma Among Its Biggest Portfolio Wins

Kleiner Perkins' assets under management climbed to more than $21 billion after its March 2026 fund raise, placing it, as of 2026, among Silicon Valley's largest venture firms 54 years after its 1972 founding.

Its current portfolio spans Anthropic, Waymo, Figma, legal-AI company Harvey, and medical-search startup OpenEvidence, layered on top of five decades of wins that include Google, Amazon and Genentech. Here's what the firm's AUM figure is actually built from, how its fund sizes have grown since 2012, who runs it today, and how it stacks up against the other mega-firms raising record funds in 2026.

Kleiner Perkins AUM in 2026: How Big Is the Firm Really?

Kleiner Perkins' assets under management are reported at more than $21 billion as of March 2026, the figure cited by pulse2.com's March 25, 2026 report once the firm's latest fund raise closed. That total reflects five decades of fund vintages still being invested or held for distribution, not cash sitting in one account, and Kleiner Perkins — like most venture firms — doesn't publish a single audited AUM number of its own.

The number moved because of a specific event: on March 24, 2026, the firm closed $3.5 billion across two new funds, as covered in detail in Value Add VC's breakdown of the raise: a $1 billion early-stage vehicle (KP22, the firm's 22nd flagship fund) and a $2.5 billion growth fund. The firm's own announcement, "Our New Funds: KP22 and KP Select IV / Flex," says the firm has existed for 54 years, which places its founding in 1972 — consistent with Wikipedia's sourced history naming Eugene Kleiner and Tom Perkins as founders, with Frank Caufield and Brook Byers joining soon after.

Fund Size History: From $525M in 2012 to $3.5B in 2026

Kleiner Perkins' flagship early-stage fund has grown steadily since 2012, while a separate growth vehicle — introduced in 2022 — has grown far faster and now makes up most of each new fund cycle's dollars.

How we counted: Kleiner Perkins' own fund announcements plus TechCrunch's contemporaneous reporting on each close; six fund cycles from 2012-2026; as of March 2026.

What's in Kleiner Perkins' Portfolio in 2026?

Kleiner Perkins' named AI holdings carry some of the largest valuations in venture right now, led by Anthropic's $965 billion Series H. Kleiner Perkins' own individual stake size in any of these companies is not disclosed; the figures below are each company's last reported valuation, not the firm's ownership value.

Beyond those five, Kleiner Perkins' own site and Crunchbase News' March 2026 reporting name a broader set of current holdings: autonomous-driving company Waymo and autonomous-vehicle software maker Applied Intuition (which raised a $600 million Series F led by Kleiner Perkins), design platform Figma (where Kleiner Perkins was the Series B lead before Figma's 2025 IPO), fintech infrastructure company Plaid, enterprise search company Glean, and payroll company Rippling, where partner Ilya Fushman holds a board seat. Kleiner Perkins was also an early lead investor in Brex, the corporate-card startup Capital One agreed to acquire for $5.15 billion.

Historically, Kleiner Perkins' brand was built on an earlier generation of wins that Wikipedia's sourced history of the firm lists as including Google, Amazon, Genentech, Netscape, Sun Microsystems, and Compaq, plus Cerent, which sold to Cisco for $6.9 billion in 1999. That earlier portfolio is why the firm's name still carries weight with limited partners even during the stretch in the 2010s when, per Fortune's longform account of the period, it missed Facebook and much of the mobile-era wave of winners.

Who Runs Kleiner Perkins in 2026?

Chairman John Doerr, who joined the firm in 1980, remains its most public figure and has taken a direct hand in the firm's AI push. Partner Mamoon Hamid, who co-founded Social Capital's venture practice in 2011 and joined Kleiner Perkins as a general partner in August 2017, built his track record on enterprise-software bets including Slack, Box and Intercom. Partner Ilya Fushman leads much of the early-stage AI investing and sits on the boards of Rippling, Motive, Stord, Profound, NewLimit and Infinitus.

Doerr and Hamid's most visible 2026 project outside the fund raise itself is Converge, a healthcare-AI accelerator launched with UCSF Health in July 2026, according to Fortune's July 15, 2026 report. The program pairs startups with UCSF clinicians to validate AI tools inside real care-delivery settings — an unusually hands-on structure that signals healthcare is a named priority for the firm's new capital, not just one line in a fund announcement.

How Does Kleiner Perkins' AUM Compare to Other Top VC Firms?

At roughly $21 billion, Kleiner Perkins is a mid-tier firm by AUM next to the other mega-firms compared below — well behind the top two firms, but still larger than most of the industry.

How we counted: AUM and raise figures as cited in Value Add VC's own coverage of each firm, sourced from TechCrunch, Bloomberg, Crunchbase News and PitchBook reporting; as of October 2026. Figures for privately-held VC firms are directional, not audited.

What the Headline Misses

A $21 billion AUM figure sounds precise, but no part of it comes from an audited, single-source disclosure. Venture firms aren't required to publish consolidated AUM the way public companies report revenue, so every number in this piece — Kleiner Perkins' included — is built from press reporting on individual fund closes added together, not a regulatory filing. Firms also rarely restate prior years' AUM when a portfolio company's valuation falls, so the figure tends to ratchet upward even when some of the underlying paper gains later reverse.

The portfolio side has its own gap: Kleiner Perkins doesn't disclose the size of its ownership stake in Anthropic, Harvey, or any other named holding, so a $965 billion valuation for Anthropic says nothing about how much of that value Kleiner Perkins itself would actually realize in an exit. A named holding in a high-valuation company is a real position, but it is not the same claim as a disclosed return.

The Bottom Line

Kleiner Perkins enters the second half of 2026 with roughly $21 billion in AUM, a $3.5 billion fund cycle up from $2.03 billion two years earlier, and a current portfolio that pairs AI bets like Anthropic and OpenEvidence with older, still-productive positions in companies like Google and Amazon. For the fuller story of how the firm got to the $3.5 billion raise that pushed AUM past $21 billion, see Value Add VC's breakdown of KP22 and Select IV.

Track more venture fund strategy and performance data on the VC Fund Performance dashboard, or see how AI valuations compare across stages on AI Valuations.