Sequoia Heritage Eyes Credit, Real Estate Ahead of VC Split (1)

Sequoia Capital’s $16.4 billion wealth-management arm is eyeing credit and real estate investments for the first time since the fund’s early days, and seeking to capitalize on a wave of investor interest in making private equity portfolios more liquid.

Sequoia Heritage, as the little-known wealth unit is called, is plotting a different course from the venture capital firm as Sequoia Capital prepares to split up in response to US-China tensions. It’s hunting for investments that it deems to be durable, according to a person familiar with the firm — and which, for the most part, fall outside the purview ...