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Technology Crossover Is Said to Seek $2.5 Billion for Next Fund

Technology Crossover Ventures, the investment firm that backed Go Daddy Group Inc. and Netflix Inc., is seeking $2.5 billion for its next fund, according to two people familiar with the matter.

TCV VIII LP is targeting less than the $3 billion the firm’s previous fund raised in 2007, said the people, who asked not to be identified because the information isn’t public.