Sequoia Capital, considered by many to be the world’s best venture capital firm, has busted through the $1 billion target it set for its latest fund, according to a new regulatory filing.
The 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.
The University of Michigan Regents, a longtime investor with Sequoia, described the fund strategy in a memo last July:
I’ve requested comment from Sequoia, and will update this post if it responds.