Sequoia Capital Evergreen Fund Reaches 19.6 Billion USD Amid Funding Slowdown
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Sequoia Capital's evergreen fund has grown to $19.6 billion, indicating continued success for the firm amid a venture capital funding slowdown.
Sequoia Capital's evergreen fund has reached a total of $19.6 billion, as reported in a recent filing with the US Securities and Exchange Commission. This development indicates that the highly regarded firm continues to thrive despite a noticeable slowdown in venture capital funding.
The fund's total encompasses:
- New cash commitments
- Shares of now-public companies previously backed by Sequoia
- Cash returns from mergers and acquisitions
