Lee Fixel’s Addition is looking to raise $1.5 billion venture capital fund as the former Tiger Global executive continues to secure large sums of money despite the slowdown in the market.

Fixel’s Addition disclosed the fundraising target in a securities filing. It’s Addition’s fifth fund in less than four years with all previous funds amassing between $1.3 billion or larger. The New York-headquartered firm — an investor in Stripe, Lyra, Snyk, Navan, Alchemy Insights, Chainalysis and Hugging Face — raised its fourth fund less than a year ago.

The fundraising target comes at a time when VCs are slowing down the pace of dealmaking and in many cases cutting short their own funding targets.

Lee Fixel’s Addition Targets To Raise $1.5bn For Its Fifth VC Fund

According to media reports, it’s Addition’s fifth fund in less than four years with all previous funds amassing between $1.3 billion or larger