Sources: Sequoia To Consolidate Fund Strategy
Sequoia Capital is holding its next annual LP meeting in China. The objective is to emphasize the Silicon Valley-based firm’s global reach, which peHUB has learned will include a planned consolidation of all its different funds into a single vehicle. That means you shouldn't expect another fundraising drive for Sequoia Capital China. Or Sequoia Capital Israel. Or Sequoia Capital India. Or Sequoia Capital Growth. Just Sequoia Capital XIII, which will include all of the above (plus its traditional early-stage investments in U.S.-based technology companies). It's a bit unclear right now how LPs will react, which may determine whether or not Sequoia follows through. On the one hand, a global fund means less commitment decisions and (perhaps) better geographic synergy opportunities for portfolio companies. On the other hand, many LPs use "bucket" strategies, which makes laser-focused funds more
