VZVC, co-founded by Vijay Pande, is currently raising its first investment fund

SAN FRANCISCO — Vijay Pande is hitting the pavement at the J.P. Morgan Healthcare Conference. But this year, he’s not hearing pitches for Andreessen Horowitz.

Pande has a new venture capital firm in the works, dubbed VZVC. He co-founded the firm with startup investor Zack Werner last year after stepping away from the bio and health team at Andreessen Horowitz, also known as a16z.

VZVC is currently raising its first investment fund. Pande and Werner haven’t spoken publicly about their goals, but a source told STAT that the firm could raise up to $400 million. That would be a significantly smaller pool of capital than Pande was working with at a16z, but a fairly large fund for a new firm.