Sequoia Capital’s Evergreen Fund Grows to Almost $20 Billion

Sequoia Capital’s evergreen fund has grown to $19.6 billion, according to a US Securities and Exchange Commission filing, a signal that the prestigious firm continues to grow despite a venture capital funding slowdown.

The fund’s total includes new cash commitments, shares of now-public companies that Sequoia previously backed and cash returns from mergers and acquisitions.

Sequoia restructured in 2021, creating the major investment vehicle, known as the Sequoia Capital Fund, which can hold publicly traded stocks and other types of assets. Rather than having a limited lifespan, as with most venture funds, the Sequoia Capital Fund is evergreen, holding assets ...