Vinod Khosla, one of the highest profile venture capitalists in Silicon Valley, will reduce his operating role at Kleiner Perkins Caulfield & Byers as part of a partnership restructuring at the US venture capital group before it holds a final close of its eleventh fund.

Khosla, will continue to serve as a partner but will spend more time with his family and on personal causes including the promotion of Indian entrepreneurial talent and technology businesses.