UPDATE 1-Snapchat backer IVP raises $1.4 billion for latest venture fund

SAN FRANCISCO, April 23 (Reuters) - Late-stage venture firm Institutional Venture Partners said on Thursday it had raised $1.4 billion for its latest fund, IVP XV, showing continued investor appetite for late-stage private companies even as the public-market's appetite seems to be flagging. [ID: nL3N0X32VZ]