Andreessen Horowitz is just weeks away from closing on up to $7 billion in new funds, Axios has learned from multiple sources.

Why it matters: This solidifies a16z as one of venture capital's "haves," in an industry with a growing number of "have-nots," while also reflecting that not even the top firms are immune to a muted fundraising environment.

Details: A16z is targeting $6.9 billion for a master feeder fund, without a hard cap, with expectations of a final close in early April on between $6.5 billion and $7 billion.

• Half would go to the firm's fourth growth fund, which would represent a significant size decline from its $5 billion predecessor.
• Then it gets more complicated. A16z no longer is raising dedicated early-stage or seed-stage funds, instead splitting that strategy by sub-sector. That includes 15% allocations for an AI infrastructure fund and an AI apps fund, plus 10% for an "American dynamism" fund.
• At target, that works out to around $2.76 billion, versus the $2.9 billion it raised last time around ($2.5 billion for VC, $400 million for seed).
• Finally, there's a 10% allocation for a16z's second gaming fund, which would be a boost over the $600 million raised for its predecessor.

The bottom line: Limited partner subscription docs are due in around two weeks.