By Sarah McBride SAN FRANCISCO (Reuters) – Venture fund Kleiner Perkins Caufield & Byers filed to raise a total of $1.2 billion for two new funds, reflecting scaled-back ambitions compared with previous funds. The new funds, an early-stage growth fund of $450 million known as KPCB XVI and a later-stage fund of $750 million known as KPCB Digital Growth, contrast with the $525 million KPCB XV, raised two years ago, and the $1 billion inaugural Digital Growth fund, raised in 2010. The new funds come at a time when a rash of competitors are clocking outsized gains due to early investments in companies such as Facebook and Twitter, which Kleiner came to late in the game.
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