Sequoia Raises $700M For Global Growth Fund

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http://techcrunch.com – Sequoia Capital filed a form with the SEC today, indicating a $700 million raise for a fund titled Sequoia Capital Global Growth Fund, L.P. While Sequoia declined to comment on the filing, our sources tell us that this fund is actually separate from the international funds that Sequoia raised money for earlier this year. According to what we’ve heard, the Global Growth Fund was created in the past year to allow the firm to partner with larger companies on a global basis on investments. The $700 million noted in the filing is new money raised for the fund over the past months. It’s (IT news)