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Sequoia launches fifth Chinese fund

1 Sep 2014

china 2Venture capital firm Sequoia Capital has launched its fifth China-focused fund, according to a regulatory document.

China Venture Fund V does not have a placement agent and has yet to register its first commitment, the filing showed.

Sequoia did not reveal how much it was looking to raise for the fund, which follows the firm’s fourth Chinese vehicle that was closed on $349.5m in 2012.

Sequoia’s recent deals in China include the acquisition of greenhouse vegetable producer Le Gaga in a take-private deal worth around $185m.

The firm led a consortium that also included hedge fund Yiheng Capital and the company’s chairman and CEO.

Last year the Menlo Park-based firm raised more than $1bn across three vehicles targeting the US as well as China and Israel.

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