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"Sequoia Capital,\u00A0considered by many to be the world&amp;#8217;s best venture capital firm,\u00A0has busted through the $1 billion target it set for its latest fund, according to a new regulatory filing.\nThe vehicle, named Sequoia Capital 2010, has secured more than $1.35 billion in capital commitments (beginning last March). No word yet on if this represents a final close, or if the fund size could climb even higher.\nThe University of Michigan Regents, a longtime investor with Sequoia, described the fund strategy in a memo last July:\nSequoia Capital 2010, L.P., \u00A0a fund sponsored by Sequoia Capital, a venture capital firm headquartered in\u00A0Menlo Park, CA, will invest in early and growth stage companies located in the U.S. and in China. Sequoia\u00A0Capital 2010 is a continuation of Sequoia&amp;#8217;s long- established strategy to invest in early and growth stage\u00A0technology companies in the U.S. and its more recent strategy to expand its investment portfolio to include early\u00A0and growth stage technology and consumer companies in China. Sequoia 2010, L.P. \u00A0is Sequoia&amp;#8217;s first vintage\u00A0fund and affords the opportunity for global investing by local teams of professionals who benefit from access to\u00A0Sequoia&amp;#8217;s firm resources and proven investment model for founding highly successful companies.\nIn the U.S., venture investments will be primarily in new technology companies formed in the western part of the\u00A0country, particularly California&amp;#8217;s Silicon Valley. \u00A0The China investments will focus on companies positioned to\u00A0benefit from China&amp;#8217;s growing economy and increasing number of consumers and are expected to be in the\u00A0financial services, consumer services, technology, and healthcare, and internet sectors.\u00A0This is the University&amp;#8217;s ninth investment with Sequoia Capital.\nI&amp;#8217;ve requested comment from Sequoia, and will update this post if it responds."^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2011/01/25/sequoia-capital-raises-more-than-1-3-billion/?like=1&source=post_flair&_wpnonce=756b7883e4>