Investing
Sequoia’s Wealth Business Eyes Credit and Real Estate Investments Ahead of VC Split
- Wealth-management unit oversees $16.4 billion of assets
- Its portfolio ranges from Citadel Securities to vet clinics
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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 of its VC cousin.