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Alternative Assets  + VC  | 
VC Giant Sequoia Splitting into Three Independent Firms

VC Giant Sequoia Splitting into Three Independent Firms 

Global venture capital giant Sequoia is planning to separate its US, China and India-Southeast Asia businesses into three independent firms by March 2024.  

Sequoia China will become HongShan, Sequoia India-Southeast Asia will become Peak XV Partners and the US-Europe business will remain Sequoia Capital, the venture capital firm said in a letter to its limited partners. 

The Menlo, Park-CA-based firm’s move to end its long-term partnership of local leaders in China, India and Southeast Asia comes amid macroeconomic and geopolitical challenges that have made fundraising difficult and impacting its returns. 

“Each business will continue to serve the founders and ecosystems where they operate with the flexibility that comes with an independent brand,” the company said in the letter. 

Led by Roelof Botha, Sequoia Capital is one of the oldest and most successful venture capital firms and is known for backing tech industry behemoths, including Apple and Google. 

Meet industry experts like Greenrock Research Founder & President Kevin Malone by joining us at the Connect Money: Alternative Assets Conference on June 14 in Chicago at the W City Center. 

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Sequoia Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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