TechFlow news — According to its official blog, Sequoia Capital announced it will restructure its U.S. and European investment operations around a single fund. The firm will establish The Sequoia Fund, a unified fund that will allocate capital across a series of closed-end sub-funds targeting every stage of venture investing—from company formation through initial public offerings—and then redeploy investment returns into future opportunities, with no fund maturity dates. Sequoia stated, “This new structure removes the time constraints on how long we can partner with a company, enabling us to serve on their board and support them over decades of growth. Enduring partnerships with legendary companies will be the hallmark of Sequoia.”
Additionally, Sequoia Capital will register as an investment adviser and further expand its investments into emerging asset classes such as cryptocurrency.
