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Exclusive: Sequoia Capital raising more than $2 billion

January 21, 2014: 12:40 PM ET

ed0b340dff30e20ff91176305fc2f91eSand Hill Rd. stalwart is raising three new funds.

FORTUNE -- Sequoia Capital is in the midst of raising three new venture capital funds, Fortune has learned. The total amount raised is expected to top $2 billion.

The new funds are:

  • Sequoia's sixth U.S. growth equity fund, which is expected to raise between $900 million and $1 billion. The firm's fifth U.S. growth equity fund closed in 2011 on $950 million. Sequoia
  • Sequoia's next India fund, which is expected to be capped at between $500 million and $600 million.
  • Sequoia's first China growth equity fund, which also is aiming for between $500 million and $600 million.

Sequoia last year raised more than $1 billion for new funds targeting early-stage companies in China, Israel and the U.S.

A firm spokesman declined to comment on the new efforts, citing SEC marketing restrictions.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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