Sequoia spills beans on latest Global Growth Fund, pulls in about $2bn


Venture capital giant Sequoia Capital has raised about $2bn towards its latest global growth fund, a huge increase on its debut vehicle in the strategy.

AltAssets revealed in 2015 that the firm was out raising the vehicle, but the latest filing with the US securities regulator for the vehicle marks the first time the firm has revealed the size of the fund.

A total of 104 investors have had capital registered to the fund to date, the filing shows. Sequoia closed its debut global growth fund on $700m in December 2012.

The information comes amid a string of SEC filings from Sequoia covering old and new vehicles.

Elsewhere in the filings the firm revealed it had collected $899.5m for its fourth China-focused fund, which had reportedly been out targeting between $850m and $900m.

The firm is also out raising US Venture Partners XV, although the vehicle has only registered just over $20m to date.

Sequoia’s previous US Venture Partners fund closed on $553m of capital in 2013.

Earlier this year it emerged Sequoia and IDG Capital had teamed with Chinese travel agency CYTS Tours Holdings to launch a new fund aimed at travel startups.

Sequoia will hold a 25 per cent stake in the new business according to a statement from the firms, while IDG will hold 50 per cent and CYTS 25 per cent.

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