Peak XV Partners has signed over 10 term sheets and executed three exits in the 10 weeks since it announced a split with Sequoia, according to minutes shared by an attendee to a closed-door gathering between the venture firm and its portfolio founders Friday.

The accelerated dealmaking comes at a time when a funding winter has killed the appetite of most investors in the region. One of the deals Peak XV has closed is a check of up to $50 million to Neo Group, an asset management and financial advisory firm, TechCrunch reported earlier this week.

Sequoia announced in June that China as well as India and Southeast Asia units were splitting off to avoid potential conflicts. The India and Southeast Asia unit, called Peak XV, said at the time that it looked forward to putting the $2.5 billion of uninvested capital from the last year’s $2.85 billion raise to use.

It has also hired nine people and is closing in on first hire for its U.S. office, the company told founders Friday, according to the person in attendance. Peak XV’s portfolio startups have created over $30 billion in public market cap over the last three years, the firm said, according to the attendee, who requested anonymity sharing nonpublic information.

Peak XV, whose majority of members are at the ongoing gathering in Bengaluru, didn’t immediately respond to a request for comment.

More to follow.