US

Fund II includes new commitments from existing LPs such as Prudential Financial, the Rutgers University Endowment, Ford Foundation and Liberty Mutual Investments.

The Chinese VC is seeking $600m for its ninth flagship fund after raising $3.2bn for its previous effort.

The AI- and frontier tech-focused firm added an endowment, two foundations, a couple of large family offices and a couple of very large wealth advisory firms for its latest fund.

Amid increasing pet ownership, longer lifespans for cats and dogs and the trend to treat pets as family members, venture capitalists are betting on expanding market opportunities in animal health.

The Craft Ventures partner is reportedly leaving the firm at the end of this year to start Sandlot Ventures.

The new capital will help the venture firm continue to provide personal financing solutions to founders and other stockholders and growth capital to venture-backed portfolio companies.

Soma Capital, which manages $1bn, appears to be one of the first venture firms to seek to hire a 'head of liquidity solutions.'

California pension expects distribution uptick in $8.7bn portfolio and potential rebound in PE and VC fundraising in 2026.

Roelof Botha, who has led the firm since July 2022, says he has stepped down and that partners Alfred Lin and Pat Grady "are Sequoia’s new stewards."